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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 20, 1960
Page
5
Richard A. Mullens describes a tax provision allowing deferral of levy on gain from selling a principal residence if a new home is bought within a year before or after the sale and the adjusted sales price of the old home is below the cost of the new. The adjusted sales price equals selling price minus selling expenses.
A primer on reporting gain from selling your home outlines deductions for fixing up expenses, rules for if you buy or build a new residence, and how to treat partial use for business or rental. It explains scheduling gains on Form 1040 Schedule D and potential amended returns if timelines aren’t met.
Oswald Jacoby notes a defended two spade contract where careful safety play at trick four could save the hand. He analyzes how returning a club first would have avoided a heart jack finesse loss, preserving the contract despite a pessimistic run of tricks.
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