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L gains and losses, not included on lines 2 through 5 below. a. Description of property and Idaho location b. Date acquired (mo., day, yr.) c. Date sold (mo., day, yr.) d. Sales price e. Cost or other basis f. Gain or (loss) 2. Qualifying capital gain from sale of personal residence from federal Schedule D .............................................. 2 3. Qualifying capital gain or (loss) from installment sales. Attach federal Form 6252. ........................................... 3.

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Personal Property Personal belongings such as clothing and jewelry. Household items such as furniture, some appliances, and artwork. Vehicles such as cars, trucks, and boats. Bank accounts and investments such as stocks, bonds, and insurance policies.

All taxable property must be assessed at current market value each year. The county assessor must estimate how much a buyer would pay for the property on January 1. To do this the assessor uses the sales prices from properties in the county to develop guidelines for the assessment of each property.

You may qualify for a property tax reduction if you meet the following requirements. You are in one or more of the following categories as of January 1st: Age 65 or older. Widow(er) of any age.

Personal use property is used for personal enjoyment as opposed to business or investment purposes. These may include personally-owned cars, homes, appliances, apparel, food items, and so on.

Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes.

Sell appreciated assets in a tax-exempt trust: You can minimize your taxable capital gains by moving appreciated assets into a tax-exempt trust – a Charitable Remainder Trust, for example – before you sell.

Idaho law defines personal property as everything that's the subject of ownership and that isn't included within the term real property. Examples are tools, unattached store counters and display racks, desks, chairs, file cabinets, computers, office machines, and medical instruments.

“Tangible personal property” means personal property that can be seen, weighed, measured, felt or touched, or perceived in any way by the senses. See Idaho Code section 63-3616. Tangible personal property includes vehicles, boats, equipment, clothing and many other things.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232