As a Realtor representing high-asset clients wishing to sell their properties, you have many responsibilities. The higher the property value, the more complicated these responsibilities usually become. Your Realtor certification gives you the advanced knowledge and training you need to broker these sales, but it doesn’t give you everything. It doesn’t give you the ability to offer your clients exactly what they need to safely and wisely defer capital gains.
Real Estate
How Do You Qualify For a 1031 Exchange?
When you own a piece of highly appreciated investment real estate that you’d like to dispose of, you normally face paying substantial capital gains tax on the sale. However, one way to defer those taxes is to do a 1031 exchange for another like-kind property instead of an outright sale.
Dave’s and Pete’s Excellent DST Adventures
Back in 1989, a movie entitled “Bill & Ted’s Excellent Adventure” became the hit comedy of the year. Unfortunately, its two main characters, while funny, gave no indication of being able to think. Instead, they relied on chance to solve their problems.
How Does a DST Affect Your Tax Liability?
As a high net worth individual, you likely are all too familiar with capital gains taxes. These taxes that you pay when you sell a highly appreciated asset such as a business, commercial property, investment, collectible or even your personal residence, can wipe out much of the profit you make. But what if there were a safe and legal way for you to defer your tax liability?
Selling Your Highly Appreciated Personal Residence: A Case Study
Are you feeling trapped in your personal residence that has substantially appreciated in value since you bought it years ago? Would you like to sell it, but fear facing a crushing capital gains tax liability?