Strategies for Deferring and Reducing Capital Gains, Part 2 [Webinar Recap]

The Qualified Opportunity Zone (QOZ) program was created by the Tax Cuts and Jobs Act of 2017 to encourage long-term investment in designated communities known as Qualified Opportunity Zones. QOZs are also required to be either new developments or substantial renovations must be made to existing buildings.

Strategies for Deferring and Reducing Capital Gains [Webinar Recap]

Enacted in 1921, IRC 1031 allows investors to defer all federal and state capital gains and depreciation recapture taxes when selling property by reinvesting, or “exchanging” their equity into a “like-kind” replacement property. Investors can use this strategy in hopes of building wealth on a tax-deferred basis by reinvesting 100% of that equity.

Ways to Manage Capital Gains Tax on Rental Property

Owning rental property can be a good investment with tax advantages and the potential for passive income. If your real estate appreciates in value while you own it, you may be subject to paying taxes when you decide to dispose of the property.

Ways to Potentially Defer Capital Gains Tax on Stocks

Raise your hand, if you can relate to the following scenario.

How Long Can You Defer Capital Gains Tax?

Capital gains (or losses) are important to understand when it comes to capital asset investments. Understanding what they are, and how they might be taxed, can play an important part in your overall strategy.

What is the Capital Gains Tax on Rental Property, and When Do You Pay It?

Along with the potential benefits of rental property ownership, is one downside. This involves annual taxes owed to the IRS, and encompasses both the rental income you might earn during your time of ownership, and the profit resulting from the sale of that property -- also known as capital gains.

How to Defer Taxes on Capital Gains

Selling a rental property means freeing up capital, hopefully nabbing a tidy profit, and moving on to the next great opportunity. It also means paying taxes on those gains unless you have a plan to defer them.

Capital Gains Tax On Primary Residence: How Much Is It And Can It Be Avoided?

A primary residence is not an investment property and thus has different tax outcomes. Primary residence homeowners can take advantage of certain tax benefits when selling their home. This benefit is called section 121 primary residence tax exclusion.

Capital Gains Tax On Second Home: How Much Is It And Can It Be Avoided?

When selling a second home or vacation home, the taxpayer will incur capital gains taxes on any gain. These taxes would be treated as long-term capital gains if the home was held for more than a year. Long-term capital gains have rates of 0%, 15%, and 20%, dependent on the taxpayer’s income.

Making the Most of Inherited Property

For someone new to property investment, the occasion of an inheritance may be the start of a significant opportunity. If you have just inherited property and want to ensure that you lay the foundation to grow your wealth from the beginning, it’s a good idea to seek out trustworthy advisors to guide you. In this situation, step one is probably to determine your tax situation.

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Capital Gains

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