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RCW 64 06 015 Unimproved Residential Real PropertySeller's Duty Form

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RCW 64 06 015 Unimproved Residential Real PropertySeller's Duty Form

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a taxpayer's gains are classified as either ordinary or capital gains arise from the sale of a capital asset and are generally taxed at lower rates we explore what qualifies as a capital asset in beaten harn realty company versus United States the beaten harn realty company managed the beaten harn family's many Investments including real estate and a stock portfolio it routinely engaged in real estate transactions in 1935 beaten horn purchased a plantation near Monroe Louisiana as an investment property for farming years later Monroe's expansion made the land attractive for residential housing between 1939 and 66 biedenhearn subdivided part of the plantation into three subdivisions beaten harn installed streets and utilities then sold over 200 residential lots some directly and others through brokers in all sales beaten harn set the terms the 38 Lots sold between 1964 and 66 resulted in profits totaling approximately 254 400 dollars on its tax returns beaten har

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