Building wealth is a goal that many individuals aspire to achieve. While the journey to financial prosperity requires dedication, discipline, and smart decision-making, leveraging...
Posted by Rosovich & Associates, Inc. on 08/22/2023
Real estate investors looking to maximize their profits while minimizing their taxes should consider a like-kind exchange, also known as a 1031 exchange. This strategy allows investors...
Posted by Pat Raskob on 04/27/2023
Unknown to many people, the proceeds from selling a house might be taxable. However, this article sheds light on the mode of operation and simple ways to avoid ending up with a huge...
Except when you are selling for financial distress, selling the home is expected to yield a lot of profit for you. But there's a pitfall: capital gains tax. So many homeowners...
Posted by CORE PERFORMANCE on 05/09/2022
You may be subject to capital gains tax when you gain from the sale of an asset, such as a business, land, or shares. Capital gains are sometimes taxed at the same rate as ordinary...
Posted by CORE PERFORMANCE on 02/28/2022
Are you selling an asset? Avoiding Real Estate Capital Gains Tax in 2022It's great to get a good price for your home, but in some cases, the IRS may want some of the action. Indeed,...
Posted by CORE PERFORMANCE on 02/08/2022
1031 exchange is simply a swap of an investment property for another. Since most swaps are considered sales, they are taxed. Meeting the requirement of 1031 will remove or reduce your...
You can consider the basic idea of capital gains very simple: the net profit will be known as a capital gain if you sell an asset for more than you paid for it. For example, you get...
One of the best ways to develop passive income is by investing in real estate. There are many benefits that a real estate professional enjoys. This also includes significant saving...