Financial Resource

After taking numerous classes in financial planning and weighing my real estate investments, I discovered that a 1031 tax exchange was the best course of action to avoid paying heavy capital gains taxes. What is a 1031 tax exchange, you may ask? In essence, this is when you agree to reinvest your profits from a property sale into a new, similar property purchase of equal or greater value. Allow me to unpack that for you with an example from my own portfolio.

I bought a retail store franchise for 0,000 ten years ago. I am ready to sell it, and the appraised value is now 0,000. In most cases, I would have to pay a burdensome capital gains tax on that profit. However, with the 1031 tax exchange, I agree to reinvest that ,000 profit into a new investment, and thereby avoid giving the government a huge chunk of my money!

This is one of the few methods to postpone, or even completely avoid, paying taxes on your real estate sales. It gives you more money to beef up your investment portfolio. The best part is that you don’t have to make the sale and the purchase simultaneously! You can wait for up to 180 days after the sale to reinvest your tax-free capital gains.

There was only one problem: where was I going to find a property I wanted to buy? Since there are stipulations about the similarities between properties that qualify for this type of exchange, I had a very specific profile as to what I was looking for. That is when I found the website.

If you want the most complete list of 1031 tax exchange, take a look at the selection in your area at 1031exchangetoday.com.

“For more information on 1031 tax exchange, visit http://www.1031exchangetoday.com/.”

Tags: 1031, 1031 tax exchange, action, Advantage, area, capital, capital gains tax, capital gains taxes, chunk, com, complete list, course, essence, exchange, exchange visit, exchangetoday, financial planning, Franchise, google real estate jobs, government, information, Investment, investment portfolio, look, money, paying taxes, profile, profit, Profits, purchase, real estate investments, real estate sales, retail store, shell profits, shell real estate jobs, shell recruitment accounting or commercial or finance or hr or management or pension or investment or procurement or supply or support, stipulations, store, store franchise, type, unpack, value, visit, web, website