Capital Gains Tax

How to Defer Capital Gains Taxes using a 721 Exchange

For building owners and investors looking to avoid long-term capital gains on real estate properties, usually, the only option they see is a §1031 Exchange. However, another strategy, similar to a §1031, is called a §721 exchange. Both §1031 and §721 exchanges let investors defer capital gains taxes on the sale of a building. In a §721 …

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Capital Gains Tax is Unfortunately Under Fire Again

Capital Gains Tax / By Kevin Jerry / May 11, 2023 May 11, 2023

The Supreme Court in Washington State recently ruled that the state’s seven percent capital gains tax is constitutional. The ruling, which basically states that capital gains taxes are different from property taxes in the state of Washington, comes right after Biden’s tax proposal, which would almost double the long-term capital gains tax. In addition to …

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