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Category Archives: Tax Basis
1031 Exchanges & Capital Gains – Do You Know?
Here is a great Quiz from The National Association of REALTORS® Magazine. Do you know all you need to in order to exchange a property and defer capital gains? (Be sure to follow up with a Qualified Intermediary to see how … Continue reading
1031 Deadline Date Relief for CA Wildfire Affected Exchangers
Here is an article that I hope will help investors who lost property in the California wildfires. Revenue Procedure 2007-56 permits extension of IRC §1031 exchange deadlines upon issuance of an IRS Notice or other guidance permitting relief to taxpayers … Continue reading
3.8% Tax Coming 1/1/2013 on Investment Income
The 3.8% Tax Real Estate Scenarios & Examples Effective January 1, 2013 The NATIONAL ASSOCIATION OF REALTORS® has developed this informational brochure to help consumers understand the taxation effect of the new tax — passed by Congress in 2010 with … Continue reading
Keep Your Prop 13 Property Tax Basis
Prop 60Prop 90Retirement Tax BasisProposition 13 Many people have asked exactly how the Prop 60 and Prop 90 works for them to be able to take their Property Tax Basis under Proposition 13 with them to a new home, and … Continue reading
Posted in Age 55 Property Taxes, Prop 13, Prop 60, Prop 90, Tax Basis, Tax Relief Leave a comment