For real estate investors, the prospect of significant capital gains tax can sometimes put a damper on selling appreciated property. However, Section 1031 of the Internal Revenue Code offers a powerful strategy to defer these taxes, allowing investors to reinvest their profits and potentially grow their wealth more rapidly. This article will delve into the "ins and outs" of a 1031 exchange, providing a foundational understanding of this valuable tax-deferral tool.
Read More2022 Mid-year Planning for Capital Gains and Losses
If you are someone that has experienced a decline in your portfolio value, it may be a good time to review your situation and assess if it makes sense (from a tax planning standpoint) to sell losers and “realize” stock losses for tax purposes.
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