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Appreciated Real Property

A three-step strategy to save tax when selling appreciated vacant land

(LTCG) Net Long-Term Capital Gain, Land as Investment Property, Real Estate /

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill. For purposes of […]

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Important considerations when engaging in a like-kind exchange

Deferred Tax, Like-kind Exchange of Property, Small Business, Small Business Owners /

A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax on your gain through a “like-kind” or Section 1031 exchange. A like-kind exchange is a swap of real property held for investment or for productive

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