The Pandemic Has Plunged Americans Into Severe Credit Card Debt: 2021 Data
As the pandemic continues to strain global and personal finances, Americans are taking on more credit card debt to make ends meet. Learn more.
1031 Exchange Basics
1031 Exchange in New York: Rules, Requirements, and the Best Companies to Use
Our team identified the best 1031 exchange companies in New York. Whether you’re doing a New York City 1031 exchange, a Long Island 1031 exchange, or an Albany 1031 exchange, we’ve got you covered.
Can a Single-Member LLC Do a 1031 Exchange? A Valuable Quick Guide
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Using a 1031 exchange involves exchanging one investment property for another without incurring immediate liability to pay any capital gains taxes on the property transactions. One of the key requirements of a 1031 exchange is that the same investor must be involved in both transactions. That means that the seller of the original investment property …
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1031 Exchange in Illinois: Rules, Requirements, and the Best Companies to Use
Whether you’re doing a 1031 exchange in Chicago, Naperville, Rockford, or elsewhere, these four Illinois 1031 exchange companies have you covered.
Delaware Statutory Trust Fees and Commissions
Overview of Delaware Statutory Trusts Delaware Statutory Trusts are a unique investment vehicle for multiple investors to purchase smaller shares of a real estate investment. They are typically treated as passive investment mechanisms through the use of a property management liaison to handle all of the operational aspects of renting out the property. Recently, these …
Bonus Depreciation Recapture and 1031 Exchanges
Real estate investors are turning to the tax deferral benefits of a 1031 exchange in droves to avoid paying significant depreciation taxes upon the sale of their investment properties. Even bonus depreciation recapture is eligible for 1031 exchanges. This is the investment vehicle of choice when real estate investors plan to sell off a current …
Depreciation Recapture Example | How to Avoid With the 1031 Exchange
A Sample Calculation of Depreciation Recapture Tax The primary reason why prudent real estate investors use a 1301 exchange is to lower their tax liability in a given year. Essentially, this tax-sheltering mechanism involves an investor exchanging one property for another like-kind property without incurring any tax liability from the exchange, unlike many other investment …
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Do I Pay Depreciation Recapture on the Sale of Rental Property for Loss?
If you sell property that you have been using as rental property, you may have to pay depreciation recapture, which is why you need to account for depreciation of the property each year when you file your taxes. When you sell the property, figuring out how you are going to be taxed on the depreciation …
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Depreciation Recapture on Installment Sale of Rental Property – What You Need To Know
Owning investment or rental property is a good move. You’ll enjoy a steady influx of cash and build equity as the property increases in value with time. Investors who have rental property also receive tax benefits. For instance, the IRS will allow you to deduct related costs such as property taxes, repairs and mortgage insurance …
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How To Avoid Depreciation Recapture Tax on Rental Property
Use a 1031 exchange to avoid depreciation recapture tax | Sell the rental property for a loss | Determining depreciation recapture tax | Avoiding depreciation recapture tax impact | FAQs Most investors know capital gains taxes can take a big bite out of their profits from the sale of a rental property. But many don’t …
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