What exactly counts as a "Like-Kind" property for 1031 tax deferral purposes? The answer may surprise you, even if you're not new to #1031exchanges. Read more: https://ow.ly/tfnh50Snr5J #Northmarq #CRE #NorthmarqExchange #1031Exchange
Northmarq’s Post
More Relevant Posts
-
Discover the tax benefits of an LLC: as a pass-through entity, profits and losses are reported on personal tax returns. 📊💼 #LLC #TaxAdvantages
To view or add a comment, sign in
-
In Tax, there is no such thing as SA. FHL = SA for tax purposes. Otherwise, it's property income. #taxtips #accountancytips #propertytax
To view or add a comment, sign in
-
We believe by providing education and guidance we inspire our clients to make great decisions leading them to RETIRE WITH CONFIDENCE.
Thinking about moving or downsizing? Let's talk about property taxes and how they play a huge role in this decision. It's a real eye-opener about what to expect and how to plan for those tax shifts. #PropertyTaxes #MovingTips #TaxPlanning #RelocationAdvice
To view or add a comment, sign in
-
Are you looking for property tax exemptions? You are entitled to this option and there is no cost associated with it. For more information, click here https://lnkd.in/gXhkhZwn #cutmytaxes #taxexemption #propertytaxes
To view or add a comment, sign in
-
Timely filing of income tax is crucial in order to prevent incurring hidden costs associated with delays. These costs may include late fees, penalties, and accrued interest on the outstanding tax balance. Ensuring timely income tax filing can help individuals and businesses avoid financial repercussions and maintain compliance with tax regulations. It is advisable to be proactive and organized in tax preparation to minimize the risk of facing these hidden costs. #timelytaxfiling #hiddenincometax #taxdeadlines #financialresponsibility #avoidingpenalties #incometaxtips #dontdelayfiletoday #taxfilingdeadline #taxplanning #financialwellness
To view or add a comment, sign in
-
One of the most significant challenges for many ranchers face is navigating the complexity of taxes. 1031 exchanges are a powerful tool you can put to work increasing profit while reducing your potential tax liability. Check out these keen points and share your thoughts in the comments below. https://loom.ly/x7u4L08 #taxsmart #realestate #landsales #1031exchange
To view or add a comment, sign in
-
New Year, New Savings! 💰 Let propRtax™ analyze your property taxes in 2024 and ensure you're not overpaying. https://hubs.ly/Q02dV59G0 #TaxSavings #PropRtax
To view or add a comment, sign in
-
Timely filing of income tax is crucial in order to prevent incurring hidden costs associated with delays. These costs may include late fees, penalties, and accrued interest on the outstanding tax balance. Ensuring timely income tax filing can help individuals and businesses avoid financial repercussions and maintain compliance with tax regulations. It is advisable to be proactive and organized in tax preparation to minimize the risk of facing these hidden costs. #timelytaxfiling #hiddenincometax #taxdeadlines #financialresponsibility #avoidingpenalties #incometaxtips #dontdelayfiletoday #taxfilingdeadline #fastsolutions #taxplanning #financialwellness #taxconsultant #taxbenefits
To view or add a comment, sign in
-
Self-employed? Yes. Getting crucified on income tax? Yes. There are solutions. In our latest blog post, "9 Ways to Reduce Income Tax for the Self-Employed," we have the solutions you've been looking for. One tip we're diving into: Capital Gains Tax exemptions. Click the link below to explore our tips to minimise your tax liability. 🔗https://bit.ly/3TVII9X #TaxSmart #SelfEmployedIreland #FinancialFreedom #TaxTips #IrelandBusiness #ReduceTaxLiability #ReduceIncomeTax #SelfEmployed
To view or add a comment, sign in
-
It's essential to understand that a 1031 exchange is not a tax avoidance mechanism. It's a tax deferral strategy. The capital gains tax is not eliminated; it's merely postponed to a future date when you eventually sell the replacement property without engaging in another 1031 exchange. Learn more by visiting our website: www.1031solutionsgroup.com #1031 #1031Investing #RealEstateInvestor #DeferTaxes #1031Solutions #NoHeadacheOfPropertyManagement
To view or add a comment, sign in
24,190 followers