HOW WILL 1031 CHANGES IMPACT YOUR INVESTMENT PROPERTY?
In this special Investor Edition of our monthly Market Watch for May 2022, we lay out the potentially massive impacts that may very well affect your investment property in just about 6 months. As we mention in this video, the limitless gain of the 1031 Exchange program’s transfer process is under fire and if you’ve had a property for just a few years, or maybe decades, you’ll want to get all the details that we mention below along with links to some key resources
The tax proposals, similar to those presented over the past two years, seek to limit the amount of gain that can be deferred to an aggregate amount of $500,000 ($1 million for married individuals filing a joint tax return) per year for each taxpayer.
Here is info from the IRS that details some key points of a 1031 exchange: https://www.irs.gov/businesses/small-businesses-self-employed/like-kind-exchanges-real-estate-tax-tips
We hope you enjoyed this special edition of Market Watch. Have you checked out our library of resources, including our READY TO STAY & SELL programs allowing 0% financing for 12 months to fix up bathrooms, your roof, landscaping and so much more whether you’re in the market to buy or sell your home. Plus, our Mortgage & Home Value Calculators will help you crunch your numbers.
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