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Too many details for me – I turned my taxes over to my CPA when my return grew beyond 12 pages
If he is anywhere close to income levels that bring AMT into play his CPA needs to consider the AMT ramifications of any equity recapture
Choosing to close in 2008 vs 2007 gives him more time to plan his tax strategies
Easy question for a tax specialist: can a carry forward loss from equities be applied against capital gains from real estate?
Get this guy to his CPA quick with some real numbers to crunch!
