Many people know the basics of the capital gains tax. Gains on the sale of personal or investment property held for more than one year are taxed at favorable capital gains rates of 0%, 15% or 20%, plus a 3.8% investment tax for people with higher incomes. Compare this with
AUSTIN, Texas—A homebuying frenzy is gripping much of the U.S., but Austin takes the prize for the biggest increase in homes selling well above the asking price.
Nearly 2,700 homes in the Texas capital have sold this year for $100,000 or more above their initial listing price, according to an