Archive for August 2024
Capital Gains Tax and Real Estate: What You Need To Know
Real estate investors often face substantial capital gains taxes when selling properties. However, several strategies can significantly reduce or defer these taxes. This summary outlines key methods, including the Section 121 exclusion, 1031 exchanges, charitable remainder trusts, qualified opportunity funds, and donor-advised funds. Section 121 Exclusion The Section 121 Exclusion provides a substantial tax break…
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