1031 Exchange Savings

Unlock Bigger Returns: Calculate Your 1031 Exchange Savings in Five Easy Steps by Austin Bowlin, CPA of Real Estate Solutions

When selling an investment property, it is essential to understand the potential tax liability due upon the sale. Taxes resulting from a sale can significantly reduce your net proceeds. Federal capital gains tax rates can be as high as 20%, and applicable state taxes can be as high as 13.3%. The IRS applies a 25%…