In California, we have the highest combined capital gains taxes on a sale of an any appreciated asset such as an apartment building. Federal, State, Net Investment Tax, and depreciation recapture can easily total 45% of your capital gain that you will have to pay. Many apartment sellers may not have enough money to retire on after paying those huge capital gains taxes.
I don’t know about you but I don’t like giving the Gov my hard earned money. I know that the Gov is so careful and wise with our tax dollars but still I would like to handle my money thank you very much.
Fortunately, there is something in the tax code called that if structured properly, can help you defer your capital gains taxes for 30 years. This is an often-overlooked strategy that many tax advisors or attorneys are not aware of. However, it is real and many smart investors are taking advantage of this particular strategy that is in the IRS tax code.
If you are tired of tenants and leaky toilets, are looking to exit the real estate management game, and don’t want to exchange into another property, this strategy might work for you. Give me a call and let’s discuss your situation and I will explain the basics of how this program works and will put you in touch with the right people that can make this happen for you. There is an option besides paying those crushing capital gains taxes.
Give me a call and I will email you a video that explains how this brilliant strategy works. This has been a great help to our apartment seller clients who want to exit real estate but not give all their money to the government.
By the way I don’t give tax advice. I simply give tax awareness so you can be a bit more informed when it is time to sell your building. For any specific questions about your tax situation please contact your tax advisor. If you want to know more about how this strategy works and if it will work for you, give me call and let’s talk.
Do you have some questions about your property? Please contact me at firstname.lastname@example.org