An IRS 1031 Exchange, also known as 1031 or similar-kind exchange, allows the seller to take the proceeds of a property sale and reinvest them in another property. This is done to defer capital gains, or losses, that would otherwise have been realized at the date of the … [Read more...]
Selling Your Home, The Tax Angle
The buying and selling of homes are the largest financial transactions you may make, and as with most financial transactions, there's a tax angle. If you know what your tax implications are as you go into the deal, you're better able to plan and avoid unpleasant … [Read more...]
