Friday, September 9, 2011
Even Less Reason in 2010 to Withdraw From Your Tax Deferred Accounts
Since the residential real estate market in the Bay Area has softened, you consider selling your rental property to buy this shopping strip. You estimate that you would have to pay about 0K in federal and state income taxes on 0K of capital gain (M less 0K purchase price and selling fees, plus K in depreciation recapture). You just hate having to pay 0K to the government - money that may go toward your down payment on the shopping strip. There is a better way - a way to defer the income tax.Unfortunately, the
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment