Tax Smart Real Estate Investors Podcast

266. 7 Exit Strategies To Destroy Capital Gains Taxes When You Sell Your Next Property

21 snips
Mar 26, 2024
Discover 7 exit strategies to reduce capital gains taxes when selling a property, including 1031 Exchange options, Qualified Opportunity Funds, and seller financing. Learn about alternative methods like Delaware Statutory Trusts and Mineral Rights. Tune in for valuable insights on tax-smart real estate investing!
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INSIGHT

Capital Gains Explained

  • Capital gains represent the increased value of an asset, like a property.
  • They are taxed differently depending on how long you hold the asset.
INSIGHT

Short-Term vs. Long-Term Gains

  • Short-term gains (held under a year) are taxed as ordinary income (up to 37%).
  • Long-term gains (held over a year) have lower rates (up to 20%).
ADVICE

Depreciation is Mandatory

  • Depreciation is mandatory; the IRS will assume you took it even if you don't.
  • Use depreciation to reduce current taxes and reinvest the savings.
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