I recently purchased a home with extra land, which I'm having changed to a new parcel. I plan to sell the house in a few months but keep the land, which is worth at least $300,000. Should I keep the land or sell it and use a 1031 exchange to avoid capital gains? Additionally, is there any tax advantage to holding the land for more than a year before selling it?

December 6th, 2024

If I am approved for SSI disability after an appeal hearing, will I be eligible for Medicare benefits 24 months from that approval date, or retroactive from my application date?

September 20th, 2023

How do I determine if my GST application involves a wash transaction, and what should I include when completing a Voluntary Disclosure Program (VDP) for errors in GST/HST reporting?

June 7th, 2023

Am I required to pay sales tax for an RV spot in Arkansas if it is a monthly rental?

April 15th, 2023

Is there any tax to be paid if I receive family support from a non-US citizen or resident, specifically financial support?

May 27th, 2024