When it comes to selling property, understanding your capital gains and how to reduce them can make a huge difference. For a primary residence, you may qualify to exclude up to $250K if single or $500K if married. But if it’s an investment property, using depreciation and potentially a 1031 exchange could defer those taxes indefinitely. Each path has its own advantages, so it’s worth knowing which works best for your situation. Which approach would you take?
#CapitalGains #RealEstateTax #GetUpleveld
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