Taxes are what you pay to the federal, state and local governments where you live. Different types of taxes include income taxes, capital gains tax, sales tax, estate tax and real estate taxes such as property tax. Learn how to bequest property and do transactions in a way that will help you pay less taxes and follow the law.
Investing: ETFs And Taxes
Can investing in exchange-traded funds, or ETFs, help you with taxes? ETFs are often based on a stock or another index and so are not actively managed. With passive management, an ETF has less trading activity, so there are fewer taxable events. ETF investors benefit from this approach because they may pay fewer taxes.
Ilyce Glink on WSB Radio – October 12, 2008
Today on the Ilyce Glink Show, Ilyce covered the highlights of what has been billed as the "Worst Week in Wall Street History." A week where the Dow Jones index dropped 2,400 points, marking a more than 40 percentage point drop from the high a year ago. Today's show, which featured a special third hour, Ilyce answered questions on investing in the stock market, if it would be possible to reduce quarterly tax payments, how to help aging parents transfer a property to children to avoid it being sold to pay assisted living fees, choosing a good company in which to invest now that prices are so low, choosing a good financial advisor, 529 college savings plans and other ways to save for college tuition, buying a foreclosure and being aware of homeowner association rules and regulations (before closing), who real estate attorneys really represent in Georgia, whether you should choose a self-employed 401(k) or Sep IRA if you get 1099 income, and what are the risks of going entirely with a wireless phone (especially where 911 calls are concerned). To find out more, tune into the show. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
Use IRA Money To Pay Off Mortgage?
A homeowner is considering withdrawing IRA (individual retirement account) money to pay off his mortgage early. There might be tax consequences to withdrawing IRA money. Here are the pros and cons of paying off the mortgage with money from an IRA.
1031 Exchange – What is Cost Basis?
Learn how cost basis is calculated for a 1031 tax exchange. 1031 exchange expert Julianna A. Clementi-Ryan explains what's involved in determining cost basis.
1031 Exchange – Recapture Depreciation Tax
When you own an asset for business or investment use you can claim some depreciation as that asset drops in value. When you later sell that asset the IRS wants to get back, or recapture, some of the depreciation. Our 1031 exchange expert explains how recapture depreciation tax works.
1031 Exchange: 45 Day Rule
When you're doing a 1031 tax exchange you have 45 days to identify your replacement property. The replacement property in a 1031 exchange has to be like kind property. So you have 45 days to find another domestic real estate property if the property you plan to sell is in the U.S. also. Learn whether weekends and holidays are included in the 45 day rule for 1031 exchanges.
Property Inheritance Saves More Taxes Than Quit Claim Deed
Learn about property estate planning including repair and maintenance duties. Is using a quit claim deed or an irrevocable trust a better option? Inheriting property saves more on taxes than signing a quit claim deed.
1031 Reverse Exchange
If you're doing a 1031 tax exchange on an investment property and you've found your replacement property but not yet sold your first property you'll want to do a reverse exchange. A 1031 reverse exchange allows the 1031 company to take title to the property until you sell it.
1031 Exchange – Second Home Rules
When you want to do a 1031 tax exchange for your second home you need to make sure that you're not using the home more than 14 or 20 days of the year. Learn more about 1031 tax exchange rules for second homes and check out our other 1031 videos at expertrealestatetipsl.net.
1031 Exchange – What is It?
A 1031 tax exchange is named for part of the IRS tax code. A 1031 exchange allows you to defer paying taxes on investment property including real estate, artwork, helicopters, copyrights, patents and more. You cannot do a 1031 exchange on personal property. This video gives you basic information about a 1031 exchange. For more information, check out our other 1031 exchange videos.