Latest / Real Wealth Show: Real Estate Investing Podcast
Postpone that Huge Capital Gains Tax Bill with a 1031 Exchange!
When you sell an investment property, you are usually faced with a big capital gains tax bill, if you've held the property for more than a year. For properties held for less than a year, you'll owe ordinary income tax on your gains. Either way, it can be a big tax bill, but there is a way to push that tax bill down the road, and possibly eliminate it altogether with a 1031 Exchange.
As you may know, the 1031 Exchange is a wonderful tax break tool that allows you to sell your investment property and buy a replacement property of equal value or more with the same amount of debt on it or more…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.