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.
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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.
