This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Selling a property in Maine without a Realtor will help you save 2.5% to 3% on the listing agent commission. You Can Hit the Market Quickly & Sell Fast: FSBO websites like Houzeo will get you on the MLS within 24-48 hours or faster. Statistically, 77% of FSBO homes sell in less than 2 weeks.
Net proceeds example Let's say a home is sold for $500,000. The seller's costs to sell that home include a mortgage payoff balance of $300,000, real estate agent fees of $15,000, attorney fees of $1,000 and other sales taxes and closing costs of $4,000. That leaves the seller with net proceeds of $180,000.
The owner, creditor, or any other person with interest in the property may redeem the property at any time during the twelve (12) months following the tax sale. The purchaser of the tax deed cannot take actual possession of the property during this time.
Fulton County has invested in technology to make it easier for property own- ers to apply for homestead exemptions and handle other transactions through a platform called “Smartfile” on our website.
You can't deduct capital losses on the sale of personal use property. A personal use asset that is sold at a loss generally isn't reported on your tax return unless it was reported to you on a 1099-K and you can't get a corrected version from the issuer of the form.
If you sold a personal use asset for more than what you bought it for, then you would generally report that on the Stock or Investment Sale Information screen. You can report any selling expenses by reducing the amount you enter as "Sale Proceeds" by the amount of your selling expenses.
Additionally, you must report the sale of the home if you can't exclude all of your capital gain from income. Use Schedule D (Form 1040), Capital Gains and Losses and Form 8949, Sales and Other Dispositions of Capital Assets when required to report the home sale.
An Internet tax sale is an online public auction of tax deeds or tax certificates used to collect delinquent real property taxes due to a County or other taxing authority. Bids are placed using a computer and a Web browser.