My Home Group Real Estate

Under the new tax laws, we are seeing a large influx of high income, high net worth individuals moving from high-tax states to low-tax states such as Arizona (ranked as one of several “Most Tax Friendly” according to Kiplinger). Relocating a primary residence is generally completed with little to no tax consequence (capital gain tax liability for a primary residence held over two years is tax-free for gains up to $250,000 for an individual, and $500,000 for married). Selling investment real … [Read more...] about Exchanging Real Estate Tax Free

With many saying the stock market is overheated, prudent investors are constantly looking for long-term investment strategies to diversify their holdings and keep their nest eggs safe. The taxable income in a retirement account, whether it’s an IRA/401K or Simplified Employee Pension plan, or SEP-IRA grow tax deferred until withdrawals are taken out. If the account is a Roth IRA, the gains accumulate tax-free and withdrawals are tax-free. Why not diversify into real estate? Section 408 of the … [Read more...] about Diversifying with Real Estate