Homeowners in Texas often look for ways to unlock the value of their property while minimizing capital gains tax exposure. Section 1031 of the Internal Revenue Code provides a powerful tax-deferral strategy for certain real estate transactions—but it has specific rules and limitations. Understanding these nuances is essential for Texas property owners who want to[…] Read More
Month: August 2025
How to Find Your Cost Basis in Investment Property and Why It Matters in a 1031 Exchange
When you own an investment property, understanding your cost basis is essential. Basis is the starting point for determining your taxable gain, how much depreciation you can take, and what your tax obligations will be when you sell. It also plays a critical role in tax-deferral strategies like a 1031 exchange, where knowing your adjusted[…] Read More
1031 Exchange for Mixed-Use Properties in Brooklyn and Manhattan
Navigating real estate investment opportunities in Brooklyn and Manhattan requires a strategic approach, especially when it comes to minimizing capital gains taxes. One of the most effective tools at your disposal is the 1031 exchange. If you own a mixed-use property—a building that combines both residential and commercial elements—you may qualify to defer capital gains[…] Read More