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Tax Glossary
What Is “Replacement Property”?
What Is Replacement Property? Replacement property is the “new” asset or real estate acquired in a Section 1031 exchange to...
Tax Glossary
What Is “Rental property”?
A rental property is any real estate—such as a house, apartment, condominium, or commercial building—that you own and allow others...
Tax Glossary
What Is “Relinquished Property”?
What Is Relinquished Property? Relinquished property is the “old” asset or real estate that you sell as part of a...
Tax Glossary
What Is a “REIT Dividend”?
What Is a REIT Dividend? A REIT dividend is a distribution of profits paid by a Real Estate Investment Trust...
Tax Glossary
What Is “Recovery Period”?
What Is a Recovery Period? A recovery period is the specific number of years over which the IRS allows you...
Tax Glossary
What Is “Recapture”?
What Is Recapture? Recapture is a tax procedure that allows the IRS to collect taxes on a profitable sale of...
Tax Glossary
What Is “Real estate tax”?
What Is Real Estate Tax? Real estate tax is a local tax levied by state, county, or municipal governments based...
Tax Glossary
What Is “Qualifying Disposition”?
What Is a Qualifying Disposition? A qualifying disposition is the sale or transfer of stock acquired through an Incentive Stock...
Tax Glossary
What Is “Qualified Intermediary”?
What Is a Qualified Intermediary? A Qualified Intermediary (QI), also known as an exchange accommodator, is a neutral third party...
Tax Glossary
What Is “Qualified Dividend”?
What Is a Qualified Dividend? A qualified dividend is a type of investment payout that meets specific IRS requirements to...