With tax season approaching, many homeowners may be confused about what they can and can’t write off due to changes introduced in the new tax code. For example, one of the biggest changes is that homeowners who used to write off interest paid on their mortgage and property taxes, might not be able to do
1031 Exchange – Move Up Without Paying Capital Gains
July 16, 2014 by
Every investor should know about the IRS tax code 1031 exchange (1031 is the tax code section if you want to look it up). This part of the tax code allows you to sell one investment property to purchase a higher cost (more profitable) investment without paying capital gains taxes and depreciation recapture taxes. The
