After enjoying your ski getaway in Aspen for several years, are you feeling like it's time to shake things up a bit? Maybe the Hawaiian oceanfront is calling your name, or a working ranch in Wyoming rings your bell. If you have rented out your vacation/investment property from time to time, you may qualify for a popular tax break that will allow you to make an in-kind swap while deferring or avoiding capital gains tax. Known as a 1031 exchange, it could be your ticket to changing the zip code on your personal paradise. It takes some effort and careful planning - and a savvy tax advisor - but the savings could be well worth the hassle. Check out the details at MansionGlobal.
We are here to help! If you want to find out how much your home is worth in this strong market, email me at [email protected]. We would be happy to help you determine if the time is right for you to sell your home or buy a new home.