Ease Big Tax Bills from Real Estate Sales or Income Using Bonus Depreciation
Using The Service Station Deduction To Shelter Capital Gains And Accumulated Depreciation Taxes From Investment Real Estate Sold Without A 1031 Exchange
Taxes
Accelerate Your Real Estate Benefits With Accelerated Depreciation
Most of my clients are buying income producing real estate and, at the same time, buying what the IRS calls more depreciable basis that can better defer (potentially forever) taxes on their real estate income.
Use Combo Exchanges to Save Taxes
Sometimes meeting leverage requirements in a 1031 Exchange can be challenging. This month, I’ll talk about how we can, through a “combo exchange” mix higher and lower-leveraged properties together to meet IRS requirements and achieve our clients’ goals.
Last Call for Opportunity Zones
The Opportunity Zone is a powerful tool that Congress created that allows investors to defer non-1031-eligible Capital Gains through real estate investing. Congress has not extended the legislation that created this tool, so the current round of Opportunity Zone funds on the market may be the last once they sell out in 1st quarter, 2024. This could be your Last Call if this is something that can help you.
Without a 1031 Exchange, Those Taxes Can be Costing You More Than You Think
When selling real estate you only pay capital gains tax, which is 15 or 20 percent. And that’s it, right? No – it’s much more complicated (and expensive) than that. This month, we’ll talk about how a 1031 Exchange can help you defer all those taxes (potentially forever.) In the conclusion, I’ll explain how “Potentially forever” works.”
What is Your Return on Taxes?
We real estate investors are naturally tax averse. Even though we dislike taxes very much – taxes are probably even worse than you think!
Using Leverage to Potentially Increase Your Income and Tax Benefits
Many investors are holding real estate they have owned for decades. The good news is that their mortgages are paid off, and they own the properties free and clear.
Are You Taking Full Advantage of Your Depreciation Deductions?
I will discuss ways that you can maximize your tax benefits by using this accounting tool. After all: who doesn’t want more savings?
Seek Potentially Greater Income and Lower Taxes Through a 1031 Exchange
How you can possibly gain more depreciation income through selling your property and accomplishing a completely tax deferred 1031 Exchange.
How the Secure Act Will Affect Your Heirs if You Have 401(k) or IRA Assets
The Secure Act became law on December 20, 2019 and will affect taxpayers who inherit IRA accounts starting in 2020.
Your IRA Could Be Taxed Upon Your Death
Your Heirs Could Be Paying Income Tax On The Value Of Your Ira Upon Your Death
The Basics – Save Taxes on Your Property Sale with a 1031 Exchange
Some investors aren’t yet aware of the money they could save through a 1031 exchange.
