Where To Look For Real Estate Agents
Posted onReal Estate
Tax Free Exchange – The IRS permits us to earn cash on the sale of 1 property – tax free – so long as we reinvest that money into one other property of greater value. There are time limits and different constraints however they are irrelevant for this story. For instance, a consumer of mine offered an out of state investment property on his own and made $100,000 profit on the sale.
This comes off of the federal taxes you pay in your wages annually. This doesn’t mean you get this money back in money if you get your tax returns, but what it does mean is it’s deducted out of your taxable revenue. Why this works is as a result of when you made that money you needed to spend a specific amount on the interest of your own home loan. Because it is routinely spent every …