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Posted 8:51 AM EST March 05, 2009
Posted by: Funkyrunk
What about bonus $ received for signing a gas/mineral rights lease? Taxed at capital gains rate or regular income? (received a 1099 and listed on there as rent income).
Posted 3:05 PM EST March 22, 2008
Posted by: bspitz1886
Neither. Since you don't own the property to begin with and aren't selling anything (you're just moving out of an apartment), this would be treated as regular income and would be at your normal income tax rate.
Posted 10:08 PM EST April 24, 2007
Posted by: cpelham
My landlord is offering to buy out my rent-stabilized residential lease for $50k. I have lived there for 8 years continuously. Will I have to pay capital gains on that $50K, or does it fall under the $250K exclusion because it is my primary residence?