savings beyond property exchanges
Real estate news By Bob Bruss publications
Feb 27, 2007, 4:00 am PST
If you own your home (or want to) and/or investment real
estate but don't fully under its tax benefits, "Selling
Real Estate Without Paying Taxes, Second Edition" by
attorney Richard T. Williamson shows how to maximize your
tax advantages. Emphasis is primarily on avoiding taxes
when selling real estate, but the author also emphasizes
the importance of the noncash depreciation deduction for
owners of investment buildings.
This book is for homeowners and investors who need more
than basic tax information about avoiding tax on home sales
and tax-deferred exchanges. Williamson provides superb explanations
of how to use private annuity trusts, charitable remainder
trusts, and even tax-free IRA (individual retirement account)
investments to accomplish financial goals while avoiding
taxes and planning for retirement.
Purchase Bob Bruss reports online. Investors who are tired
of property management but want to continue enjoying the
real estate income and tax advantages will be especially
interested in the brief chapter explaining how to make a
tax-deferred trade into a management-free tenant-in-common
(TIC) investment property. This well-organized book provides
simple explanations of sometimes-complicated tax concepts,
such as the tax-deferred-exchange rules and the $250,000
and $500,000 sales-exemption rules for primary residences.
Without getting technical, the author helps readers understand
these important tax-avoidance rules.
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