In real estate investments
The tax laws have evolved. The Shrayer Law Firm helps investors navigate the real estate market and make wise decisions with their assets. A 1031 exchange can help protect you from capital gain tax and facilitate significant portfolio growth and increased return on investment by allowing you to exchange one investment property for another investment property and defer any capital gains tax. Most professionals would tell you that your best case scenario is paying a long-term capital gain rate of 15%. However, what if you converted the investment to your primary residence and then declared homestead on the property?
There are many technicalities and loopholes to 1031 exchanges. The Shrayer Law Firm can navigate you to use the laws to work in your favor.