Tax liabilities on the sale of the real estate property may be upto 35%, and even more than this under certain circumstances. The payment of income tax from the sale of real estate property considerably reduces your equity and cash position, which in turn impact overall ability to build your net worth by purchasing larger…
Category: Triple Net Investment Group
Comparing 1033 Exchange and 1031 Exchange
1033 Exchange and 1031 Exchange 1033 Exchange is involuntary sale of investment property through eminent domain ( government taking the property for its own use ), destruction or theft and tax payer receives money from insurance company or government. 1031 Exchange is voluntary sale of investment property for purpose of buying another investment property equal or higher in price….