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How to Know if You Have to Pay Capital Gains Tax

Posted by Chris Peterson | Jul 29, 2022 | 0 Comments

When it comes to selling assets for a profit, it's important to be aware of capital gains taxes. Essentially, if you sell an asset for more than you paid for it, you may be subject to paying capital gains tax on the profit. This can include anything from stocks and bonds to real estate or even your car.

Benefits of a 1031 Exchange

Posted by Chris Peterson | Mar 14, 2022 | 0 Comments

The term "1031 exchange" refers to Section 1031 of the Internal Revenue Code. It's not a tax loophole, despite what some people think. Instead, it's a completely legal option that allows you to sell your investment property and avoid capital gains taxes if you reinvest the proceeds in a "like-kind" property or properties within a set amount of time.

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