Some savvy investors have always understood the importance of the profitable real estate market. Many of them have discovered a powerful tax strategy, the Internal Revenue Code Section 1031 tax-deferred exchange. Using a 1031 tax-deferred exchange, a property owner can trade income or investment ... » Learn More about 1031 Tax Deferred Exchange: Avoid the Capital Gains Tax Demon
401(k) Investing in Real Estate
Every good investment advisor would agree that any retirement plan should have a properly balanced asset allocation, whether it is a 401(k), Individual IRA, Simple IRA, SEP IRA, Roth IRA or a Coverdell Education Savings Account (ESA). One key to a balanced portfolio is to make sure the asset ... » Learn More about 401(k) Investing in Real Estate
Selling Your Home (Tax Exclusion)
If you sold your main home, you may be able to exclude up to $250,000 of gain ($500,000 for married taxpayers filing jointly) from your federal tax return. This exclusion is allowed each time that you sell your main home, but generally no more frequently than once every two years. To be eligible ... » Learn More about Selling Your Home (Tax Exclusion)
Cut Your Property Taxes!
Courtesy Charleston County Auditor's Office Do you own and reside in your home? If you are over 65 years of age, or certified totally and permanently disabled or blind, you may qualify for the Homestead Exemption. Up to the first $50,000 of your home's appraised value could be totally exempt ... » Learn More about Cut Your Property Taxes!
Depreciation is the Best Tax Deduction
Why Depreciation is the Best Tax Deduction Many potential real estate investors, and even current investment property owners don’t fully understand why depreciation is the best real estate tax deduction of all. Uncle Sam requires property investors to depreciate their investment properties such as ... » Learn More about Depreciation is the Best Tax Deduction