One of the largest expenses real estate investors incur when they sell their properties is the capital gains tax. This is a tax on any profit you made from the sale price of the property minus the purchase price of the property, also known as your “basis” in the property.
The Boulder Group has just completed the sale of a single tenant GSA property (Social Security Administration). The property in question is a 9684 ft.² building, at 353 West Alto Road in Kokomo, Indiana, which was developed in 2008 for the Social Security Administration. The building is currently leased to the GSA and has seven years […]