Tax Smart Real Estate Investors Podcast
266. 7 Exit Strategies To Destroy Capital Gains Taxes When You Sell Your Next Property
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!
40:20
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Quick takeaways
- Utilize 1031 exchanges to defer capital gains taxes by reinvesting in new properties, maximizing purchasing power.
- Consider investing in qualified opportunity funds to defer capital gains taxes until 2026, potentially gaining tax exemptions after 10 years.
Deep dives
Understanding Capital Gains and Taxation
Capital gains are the appreciation of an asset property upon sale. Short-term capital gains are taxed at ordinary income rates, reaching up to 37%, whereas long-term capital gains receive more favorable rates, ranging from 0% to 20%. Depreciation recapture, like straight line and accelerated depreciation, also impact taxation, with rates up to 25% based on various property types.
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