real estate tax strategies
How Qualified Opportunity Zones Offer Tax Breaks
The Fundamentals of Opportunity Zones Qualified opportunity zones were created under the 2017 Tax Cuts and Jobs Act to stimulate economic development in distressed communities. These designated areas offer three primary tax benefits for capital gains reinvested within 180 days: temporary deferral of the original gain until December 31, 2026, a potential 10-15% reduction of […]
1031 Exchange Real Estate: Deferring Capital Gains Taxes
The Power of 1031 Exchanges The 1031 exchange real estate provision allows investors to defer capital gains taxes when selling investment property and purchasing “like-kind” replacement property. To qualify, investors must identify potential replacement properties within 45 days and complete the exchange within 180 days of selling the relinquished property. The deferred gain reduces the […]