Categories for Taxes

Avoid Paying Capital Gains Tax When Selling Your Home

The US Tax code allows us to postpone paying taxes when we sell income properties. Your capital gains can then be used to acquire different income properties. When applied strategically, this tax code can be useful in the sale of personal properties and vacation homes as well. Ron Ricard, CES® Vice President of IPX1031 explains the in-and-outs of using 1031 Exchange in this informative session....

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Property Sales ≠ Taxes

Our Information Evenings have gone VIRTUAL.  JOIN US ONLINE!  https://meet.jit.si/1031ExchangeToRearrange July 29. 4:00 PM  Tax Implications of Home Sales With Ron Ricard, CES® Is now the right time to sell a property? Please join us for our next information session. We are ecstatic to have Ron Ricard, Vice President and Regional Account Manager for IPX 1031 as our presenter. Ron, a Certified Exchange Specialist®,  will...

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New Tax Bill Effects on Real Estate and Homeowners

I have been asked many questions about the recent tax overhaul. Owning a home is a still a great investment. History has shown the positive effects of equity gain for long-term homeowners. Although there is some tax deduction loss for new Primary loans over $750K, the cost-burden of the new law for most buyers is likely less than $5k annual (in regards to mortgage interest)....

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Your second property tax installment is now due!

  Your second property tax installment is now due! Not really, but you may consider paying your property taxes early. The new tax law limits deductions on state and local taxes to just $10,000. The law actually prohibits paying 2018 state and local taxes early to avoid the new tax rules, but it is not clear that the full property tax amount cannot be deducted...

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