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Avoid taxes on your investment property
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Do you know how to avoid paying capital gains tax on an investment property?
It’s called a 1031 exchange. exchange your gains into the next property you purchase.
3 things to remember
One. The replacement property should cost more than the one your selling.
Two. The replacement property must be identified within 45 days of selling
Three. The replacement property must be purchased withing 180 days of selling.
If you mess this up, then you just pay the capital gains from the sell.
Good luck. Any questions?
#realestateinvesting #montgomeryalabama #propertymanagement #realtors #landlord #tenant #1031 #taxplanning
It’s called a 1031 exchange. exchange your gains into the next property you purchase.
3 things to remember
One. The replacement property should cost more than the one your selling.
Two. The replacement property must be identified within 45 days of selling
Three. The replacement property must be purchased withing 180 days of selling.
If you mess this up, then you just pay the capital gains from the sell.
Good luck. Any questions?
#realestateinvesting #montgomeryalabama #propertymanagement #realtors #landlord #tenant #1031 #taxplanning
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