Blog

Category: Eductional

Want to Defer or Even Eliminate Real Estate Taxes?

Want to Defer or Even Eliminate Real Estate Taxes

Posted By Lineweaver Financial Group
May 17, 2021 Category: Real Estate, Economy, Taxes, Eductional

With real the real estate market at an all-time high, we are going to go over 1031 exchanges, which can help you defer or even eliminate real estate taxes. Simply put, a 1031 exchange is a swap of one investment property for another that allows capital gains taxes to be deferred. The term gets its name from IRS code Section 1031. But – and this is important – you have to begin this process, and the 1031 must be in place before sell the investment property. Then, from that closing date, the person selling the investment property has 45 days to identify the replacement property to buy and has 180 days to close on the new property. To obtain 100% tax-deferral, the exchanger needs to reinvest all the net proceeds from the sale and replace any debt paid off with either new debt or new cash. Most exchangers buy a property of equal or greater value than the old property. These are often called “like kind” exchanges. Remember, exchanges are very flexible. An exchanger can sell any type of real estate used in a trade or business or for investment and replace it with any type of property used in a trade or business or for investment. You can sell residential property and buy commercial property. You can sell an office building and buy a shopping mall. The rules are very flexible. Let’s say that you bought a property for $400,000 15 years ago, and now it’s worth $700,000. Some people might think you only have to pay taxes on the $300,000 gain

Categories
General (40)
Newsletter (37)
Economic Commentary (18)
Finance (18)
Commentary (16)
Retirement (15)
Letter From The President (14)
Retirement Planning (14)
Educational (12)
Economy (12)
Tax (11)
Financial Planning (11)
Portfolio (10)
Healthwatch (10)
Lineweaver (10)
Taxes (8)
Market Commentary (8)
Blog (7)
Q3 (7)
Tax Planning (7)
Market (6)
Education Programs (6)
Bonds (4)
LFG (4)
Health (4)
IRA (4)
Social Security (4)
Estate Planning (4)
(3)
Insurance (3)
Tax Law (3)
2017 (3)
Diversification (3)
Trump (3)
Interest Rates (3)
Market Review (3)
Annuities (2)
HealthWatch (2)
Fraud (2)
Rising Interest Rates (2)
Annuity (2)
Stocks (2)
Volatile Market (2)
Strategies (2)
Charity (2)
Tax Scams (2)
Investing (2)
Tax Cuts And Jobs Act (2)
Coordination (2)
Financial (2)
Real Estate (2)
Economic Outlook (2)
Client Spotlight (2)
Market Update (2)
Election (2)
2019 (2)
Social Security Benefits (2)
Financial Strategies (2)
High Income (2)
Q2 Newsletter (2)
Brexit Update (2)
2016 (2)
Investments (2)
Healthy (1)
Roth Ira (1)
Quarterly Newsletter (1)
Financial Quarterback (1)
Roth Conversion (1)
Traditional Ira (1)
Stock (1)
Congress (1)
Sell In May And Go Away (1)
2018 (1)
Buy (1)
Sell (1)
Eye Strain (1)
Screens (1)
Vacation From Investments (1)
Chad Roope (1)
Q2 2019 (1)
Wills (1)
Pro Football Hall Of Fame (1)
New Years Resolutions (1)
Tips (1)
Jim Lineweaver (1)
Financial Goals (1)
Market Outlook (1)
Q1 (1)
Vacation Home (1)
James Lineweaver (1)
Anne Graffice (1)
Exercising (1)
David Baker (1)
Sring Cleaning Your Finances (1)
Keeping Your Mind Sharp (1)
Cooking (1)
Legal (1)
Dementia (1)
Statements (1)
Review (1)
2021 Outlook (1)
2020Q3 (1)
Medicare (1)
Medicare Supplements (1)
Your Retirement Playbook (1)
2020Q4 (1)
Markets Don\'t Pick Sides (1)
Sleep (1)
Healthy Living (1)
Eductional (1)
Probiotics (1)
News (1)
Awards (1)
Crain\'s (1)
Investment. Advisers (1)
Dividends (1)
Technology (1)
Education (1)
Planning (1)
2020 (1)
Steps (1)
Credit Unions (1)
POA (1)
Pse (1)
Big Banks (1)
Savings (1)
Checking (1)
Banking (1)
Longterm Care (1)
Healthcare (1)
Elder Law (1)
Power Of Attorney (1)
Nutrition (1)
Charitable (1)
Donations (1)
End Of Year Taxes (1)
Tax Strategies (1)
Black Swan (1)
CARES (1)
Bloodline Trust (1)
CARES Act (1)
Stimulus (1)
Marital Trust (1)
RMD (1)
Trusts (1)
Roth (1)
Retiring (1)
Self Employed (1)
Business Owners (1)
Annuity Alternatives (1)
Life Insurance (1)
Dividend (1)
Bonds Ladder (1)
Policy (1)
Donor Advised Fund (1)
Retire Early (1)
Private Foundation Charitable Lead Trust (1)
Charitable Remainder Trust (1)
Growing Your Wealth (1)
REITs (1)
Risk Management (1)
Protection (1)
North Korea (1)
Conflict (1)
Lineweaver Wealth Advisors (1)
Legacy (1)
Retire (1)
Expense (1)
Gifting (1)
Retirement Tips (1)
Financial Advice (1)
Financial Advisor (1)
Social Security Planning (1)
Charitable Contributions (1)
Women And Money (1)
Service Day (1)
Harvest For Hunger (1)
Candidates (1)
Q1 2017 Newsletter (1)
Politics (1)
Fall 2016 (1)
Financial Health (1)
Holiday Planning (1)
Stockpile (1)
Holiday Gifts (1)
1st Quarter (1)
2016 Market (1)
Winter 2017 (1)
Mutual Funds (1)
Costs (1)
Inheritance (1)
Travel (1)
Trading (1)
New Tax Law (1)
529 Plans (1)
Charitable Giving (1)
Q2 (1)
New Website (1)
Bruce Motko (1)
Travel Tips (1)
Markets (1)
Tariffs (1)
Drink Water (1)
Market Volatility (1)
Cryptocurrency (1)
Investment (1)
Bitcoin (1)
Advice (1)
Summer (1)
Q3 Newsletter (1)
In Laws (1)
NAFTA (1)
Distribution (1)
401(k) (1)
Grand Kids (1)
Equifax (1)
Mark Sipos (1)
2017 Q4 (1)
Identity Theft (1)
Third Quarter (1)
Tax Cuts And Job Act (1)
Introducing (1)
Kids (1)
Tax Cuts (1)
Reallocation (1)
Jobs (1)
Lose Weight (1)
Eat More (1)
Market Review 2017 (1)
Letter From The President New Years Resolutions (1)
Transfer Real Estate (1)
Defer Tax (1)
Top Financial Strategies Of The Wealthy (1)
Market Pullback (1)
College (1)
+ Show More

Terms and Conditions | Privacy Policy | Disclosures

Lineweaver Financial Group ©
Powered by Virteom Logo Virteom