Financial Planning Insights

The 1031 Exchange is a valuable tool that real estate investors can use to defer capital gains taxes. It takes its name from the section of the IRS Code where it is defined, Section 1031. The basic concept is that of "like-kind" exchange of investment or business property. At its heart, a 1031 Exchange is a trade, but it can be a very complicated..

Buying real estate for investment reasons can be a lucrative business. However, it is vital to make certain your accounting is in order and taxes are paid accordingly. Understanding the income and expense requirements the IRS dictates will protect you from paying unnecessary taxes or making a costly mistake on your tax return. A tax return with..

Owning real estate rental property can be a profitable business, but it also comes with a lot of work. In addition to maintaining the property, managing repairs, advertising and more, rental property owners must prepare all year for the tax return filing. Having a tax plan in place throughout the year will help to make the end of the year filing..

Real Estate investing can be a lucrative business. If an investor makes wise decisions in terms of the type and condition of a property, the financial benefits can be multi-faceted. Not only is real estate investment a good source of income, it has tax benefits as well. These benefits can assist in taking advantage of tax strategies to avoid..