Depreciation is a major part of the appeal of real estate ownership. Taking the “wear and tear” of a property as a loss against the rental gains makes a huge impact on the personal tax strategy. But the effect of
The 3-Property Rule The 3-property rule states that the replacement property identification during the initial 45 days of the exchange can be made for up to three properties regardless of their total value. After relinquishing their initial property, the taxpayer
Understanding 1031 Exchanges: Frequently Asked Questions A 1031 Exchange is a powerful tool for real estate investors looking to defer capital gains taxes while reinvesting in like-kind properties. The exchange allows you to sell one investment property and acquire another
