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Joined November 4th, 2020
When you sell the financial investment home later, the taxes are evaluated on its lower diminished value. However, if you move the profits of a sale into a brand-new home and follow the 1031 rules, you can delay the taxes on the gain. The 1031 tax-free exchange can be an essential element here in keeping taxes low, since house-flippers don't really take advantage of depreciation typically. Otherwise they'll owe taxes on their gains, less any expenses of working. REITs offer an attractive tax pr…