‘DEPRECIATION RECAPTURE’ AND SELLING REAL ESTATE
While the tax consequences of the sale of real estate should not drive the decision to sell or hold a property, there are important issues to consider in order to …
TAX INCREMENT FINANCING
Tax Increment Financing (TIF) Tax increment financing, or TIF, subsidizes companies by refunding or diverting a portion of their taxes to help finance development in an area or (less frequently) …
THE PRIMARY RESIDENCE TAX EXEMPTION UNDER IRS CODE SECTION 121
The $250,000 (single) / $500,000 (married) home sale gain exclusion is a major benefit of homeownership, but the rules can be confusing if you’re not familiar with them. How do …
WHAT IS A STEP UP TAX BASIS?
What is a Step-Up in Basis? A step-up in basis is the readjustment of the value of an appreciated asset for tax purposes upon inheritance. The higher market value of …
WHAT IS A REVERSE 1031 EXCHANGE?
To understand a reverse 1031 exchange, you should first make sure you know the ins and outs of a 1031 exchange. There are some key differences between a standard 1031 …
1031 EXCHANGE EXPLAINED
A 1031 Exchange, also called a Starker Exchange or Like-Kind Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors. This is, perhaps, even more …