If you want to leave a lasting legacy, real estate is an excellent way to build wealth for your heirs. Your heirs will receive the

What Is Capital Gains Tax? When you sell an asset for more than you paid, you might owe capital gains tax on the profit. Assets

As any savvy investor knows, deferring taxes is a key part of building wealth. One effective strategy to build wealth is through a 1031 exchange.

Understanding 1031 Exchange Restrictions A 1031 Exchange offers a way to invest in real estate while avoiding capital gains taxes. However, there are limitations on

Flipping a house can be exciting and profitable. However, without experience, it’s easy to feel overwhelmed by the process. From choosing the right property to

Selling a capital asset for more than you paid results in a capital gain. Capital assets include stocks, bonds, property, and precious items like gems

Many investors are unsure of how long they should keep their tax records pertaining to a 1031 Exchange. Do you hold them for a few

When starting a 1031 Exchange, many real estate investors worry about the IRS’s requirement for “like-kind” properties. Questions often arise, such as “What does like-kind

A 1031 Exchange is a great tool for real estate investors who are looking to defer their capital gains taxes. However, there are a few

Are you considering selling a rental property? As a landlord, it’s important to understand the tax implications. Selling income-producing real estate, like rental properties, often