Tax Savings and Deferrals

Homeowners who have lived in their residences for two of the past five years each qualify for a capital gains exclusion of $250,000 (married $500,000) when they sell. If your residence has appreciated in value since it was purchased, you may be able to dramatically decrease or eliminate your taxes.

Owners of investment properties, condos, houses and multi-unit residential and commercial buildings can defer paying high capital gains taxes when they sell and purchase another (Like-Kind) property held for investment. This is called a 1031 Exchange.

Download the IRS 1031 Exchange Fact Sheet now.