In this Tax Tuesday replay, Barley Bowler, CPA, and Eliot Thomas, Esq. answer real-world questions on selling rental property, reducing capital gains taxes, 1031 exchanges, depreciation recapture, and real estate tax strategies.
How Are Capital Gains and Depreciation Recapture Taxed When Selling a Rental Property?
Can carrying the mortgage on a rental property sale help spread capital gains over multiple years, and what happens to depreciation recapture when using an installment sale? What strategies can help reduce the tax burden when selling an investment property without a 1031 exchange?
How Do 1031 Exchanges Work With Property Upgrades and Foreign Real Estate?
If you are completing a 1031 exchange, how should you approach financing when the replacement property needs significant upgrades after closing?
The team also discusses whether a foreign property can qualify for a 1031 exchange and how to report capital gains, depreciation recapture, and suspended passive losses from an international real estate sale.
Can Annuities or IULs Defer Taxes on Real Estate Profits?
Can investing proceeds from a real estate sale into an annuity or indexed universal life (IUL) policy defer taxes on the profit? Barley and Eliot explain what investors should understand before considering these strategies.
What Happens to Cost Segregation When You Sell a Property?
Learn how cost segregation affects depreciation recapture when you sell a property and what investors should know about the tax consequences of previously claimed depreciation.
How Is Dividend Income From a Wyoming LLC Taxed?
Barley and Eliot also discuss how dividend income received through a single-member Wyoming holding company should be reported and whether that income may be subject to self-employment taxes.
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