fbpx

Category Archives: Taxes

Using a 1031 Exchange to Defer Capital Gains Taxes

1031 exchanges offer tax savings when selling and buying investment properties. It encourages reinvestment in the real estate market by deferring capital gains taxes on the sale of one property when the funds are put directly towards the purchase of another property. If you are both selling and buying an investment property, consider using a […]

5 Ways to Reduce or Eliminate Capital Gains Taxes on Investment Properties

Investment properties are a great way to build wealth and accumulate assets for retirement. To maximize your return on investment, it is important to carefully plan out the sale of a property and reduce potential taxes, such as capital gains taxes. Below are a few ways to reduce or eliminate capital gains taxes on investment […]

Tax Considerations When Selling a Home in Massachusetts

The increasing real estate prices in Massachusetts is prompting many homeowners to consider selling. One common misconception is that selling and buying at the same time can help you avoid taxes. Unfortunately, that only applies to investment properties when using something called a 1031 exchange. For single family homes used as a primary residence, it […]

Taxes on Selling Primary Residences Converted to Investment Properties

In our previous blog post, we covered taxes on selling primary residences. Converting the use of a property can change your tax liability when it comes time to sell. Knowing the laws will help you maximize your investment and save significant money. This overview on taxes on selling primary residences converted to investment properties is […]