The Realized Team’s Picks
Does an Estate Pay Taxes on the Sale of a Home?
Inheriting a home after someone close to you dies can bring significant financial benefits, but it also may come with tax liabilities if you sell the home after receiving it as part of the decedent’s estate.
How Do You Calculate Capital Gains with a Mortgage?
Most homes have a mortgage when sold. Homeowners can deduct their mortgage interest annually. But how does a mortgage affect capital gains when the home is sold for a profit? This is what we'll dig into today.
What Improvements Are Allowed for Capital Gains Tax?
Capital gains taxes on home sales can be significant. However, with some careful planning and record-keeping, homeowners may be able to reduce their capital gains.
Can Rental Losses Offset Ordinary Income?
Many real estate investors also work full-time jobs. Wouldn’t it be great to reduce wage income (i.e., ordinary income) with rental losses?
Do Capital Gains Affect Social Security?
Social Security benefits are paid mainly to retired workers, their surviving spouses and minor children, and people who cannot work due to disability. For retirees, the amount of benefits depends on several factors, including their earnings history and age at retirement. Income that workers obtain through investments and other sources outside of wages or self-employment does not affect the eventual benefit.
When Can I Move Into a 1031 Exchange Property?
One of the most important covenants of a 1031 exchange is that the newly acquired property must be held as an investment or for business use.
How Are Capital Gains Taxed If You Move?
Moving to another state can bring logistical, interpersonal, and even financial challenges.
Inheritance Tax: What It Is And How It Works
In 2022 alone, the IRS collected an estimated $33 billion in revenue from inheritance tax. So, what is inheritance tax? And why should it be a critical consideration for people who are estate planning? Realized 1031 has shared a comprehensive guide about inheritance tax and everything you should know about it.
