Tax Information

1031 TAX DEFERRED EXCHANGE
Some savvy investors have always understood the importance of the profitable real estate market. Many of them have discovered a powerful tax strategy, the Internal Revenue Code Section 1031 tax-deferred exchange. Using a 1031 tax-deferred exchange, a property owner can trade income or investment property without paying any federal…

401(K) INVESTING IN REAL ESTATE
Every good investment advisor would agree that any retirement plan should have a properly balanced asset allocation, whether it is a 401(k), Individual IRA, Simple IRA, SEP IRA, Roth IRA or a Coverdell Education Savings Account (ESA). One key to a balanced portfolio is to make sure the asset classes you hold are non-correlating. To make…

CHARLESTON: CUT YOUR PROPERTY TAXES!
If live in Charleston County and own and reside in your home, or own a motor vehicle and you meet certain other criteria you may be able to cut your property taxes. Some of these tax tips to cut your property taxes also apply to others South Carolinians.

SELLING YOUR HOME (TAX EXCLUSION)
If you sold your main home, you may be able to exclude up to $250,000 of gain ($500,000 for married taxpayers filing jointly) from your federal tax return. This exclusion is allowed each time that you sell your main home, but generally no more frequently…

WHY DEPRECIATION IS THE BEST TAX DEDUCTION
Many potential real estate investors, and even current investment property owners don’t fully understand why depreciation is the best real estate tax deduction of all. Uncle Sam requires property investors to depreciate their investment properties such as rental houses, apartments, warehouses, office buildings and shopping…