Posts Tagged ‘1031 exchange’
How to Reduce or Eliminate Capital Gains Tax on the Sale of Real Estate
At a glance Schedule a consultation The full story: A long-term capital gain occurs when a qualifying property is held at least for one year plus a day. There is a special preferred capital gains rate to encourage long-term real estate investment. Individuals will generally incur a 20% capital gains tax rate, although lower rates…
Read MoreUnderstanding the 1031 Like-Kind Exchange Rules
At a glance Schedule a consultation The full story: Internal Revenue Code (IRC) Section 1031, also referred to as the “like-kind” exchange, provides individuals with an exception by allowing them to defer capital gains if they reinvest the proceeds into other qualifying properties. The 1031 like-kind exchange can be a viable long-term tax saving strategy…
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