Sunday, October 12, 2008
The 1031 realestate exchange is popular because it allows taxpayers to dispose of certain real or personal property and defer their federal, and in most cases, state income tax liability by exchanging the real or personal property (relinquished property) for qualified use like-kind property (replacement property). But investors should remain aware that […]
Wednesday, August 13, 2008 at 11:59AM
William L. Exeter
In theory, yes. 1031 exchanges can be used for more than just real estate. A 1031 exchange of a car would be considered a personal property 1031 exchange.
Held For Investment
The question is whether the car - or any personal property for that matter - was held for investment […]
Capital Gains Rates
The maximum federal tax rate on capital gains is 15%, whereas wage income is taxed at 35%. Then Wisconsin income taxes are added on top of that - up to an additional 6.75%. A total of over 40%. In all the dreaded capital gains tax that haunts many a new investor is […]
Sandra E. Martin
From the Summer 2008 issue of MoneySense magazine
Minimalist Thoreau would decidedly not fit in with today’s recreational property owners. In fact, with more Canadians than ever now qualifying for millionaire status (upwards of 450,000, according to the consulting firm Cap Gemini), some folks don’t see the point of stopping at just a single […]
from: http://jeffnabers.com
Many real estate investors boast of their tax strategy as involving one or more of the following:
Depreciation - This is a tax concept where the property owner pretends that his property is decreasing in value. For residential real estate, it assumes that the property’s improvements will become worthless over 27.5 years. In commercial real […]
