A 1031 exchange is an IRS-approved strategy that lets real estate investors defer capital gains taxes when they sell an investment or rental property, as long as the proceeds are reinvested into ...
If you’ve inherited your mom’s 1960s-style house, you might be wondering what to do with it. The most obvious options are moving in, renting or selling it. But another, lesser-known option exists.
If you sell your home and have lived in it for two of the past five years, tax laws provide you with a fabulous break: You can exclude up to $250,000 of any gain you have made ($500,000 if you are ...
The IRS focuses on your investment intent—there’s no official minimum holding period for a 1031 exchange property. Most tax advisors recommend holding the property for at least one to two years to ...
Thinking about swapping your ski chalet in Aspen for an oceanfront mansion on Miami Beach? If you’ve used your vacation home as an investment property, and collected rental income, you might be able ...
Gain from a couple’s disposition of agricultural property could not be deferred, even though the property was relinquished in a like-kind exchange that was properly executed, the Tax Court held. The ...