Archive for September, 2016

Avoid Paying Sales Tax When Selling Investment Properties

Real Estate Sales Tax

One downside to acquiring investment property is that when you are ready to sell the property and make a profit, the gains made from the sale are taxable. There is a way around this, however. If you purchase a replacement property, it may qualify as a nontaxable exchange according to Section 1031 of the Internal Revenue Code. If you regularly acquire investment properties, this is a readily available process. If ...

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