Capital Gains Taxes

I found a property that I want to rehab and sell. How to prevent the capital gains taxes from coming straight out of escrow and pay them with my corporate income tax return?

Comments(8)

  • chrispacific4th February, 2010

    Yes i do mean withholding taxes. escrow usually takes money from the sale to pay the taxes which lowers the amount that i would receive. is there a way to prevent them from automatically taking taxes out of the sale?

  • chrispacific4th February, 2010

    I found it thanks. it was form 593-c.

  • commercialking24th September, 2009

    Works great-- have used in on sailboats where wooden members running through the bilge were rotted.

    Unfortunately when you start using very much of it its not cheap, and in your application it may be cheaper to replace the siding (perhaps run vinyl over the existing).

  • commercialking24th September, 2009

    Yeah, but the wood around the Bondo-o will, unless the situations that caused the original rot are corrected.

  • real_estate_now1st November, 2009

    just replace the bad piece(s) with new wood siding, then paint (or varnish) everything to get consistent color. Get your kind of siding at a specialty siding supplier.

  • Stockpro9920th January, 2010

    In reality from a money and time standpoint you have too much siding to repair with Bondo or a wood hardener.

    From what you are saying it is only near the ground that you have problems with the siding or that is where most of the problems lie.

    I would opt for hardi plank or a cement board siding that will last literally forever over the first few courses and that could be tied in esthetically into your existing siding profile or pattern.

    It is cheap and almost indestructible.
    [addsig]

  • Stockpro9920th January, 2010

    That I am not certain of.. I do know that there is no such thing as "lifetime" paint. The closest I have found is high quality paint over hardi-plank which seems to last pretty darn well!
    [addsig]

  • Timmy-wash2nd March, 2010

    Duron is owned by SW. You should be able to get Duration from your Duron Paint store.

    BTW, Sherwin also owns MAB Paints - you can get it there too.

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