Simple Tax-Saving Strategies in Real Estate You Need to Know
By Akevia Darden - HTX Real Estate Agent, Houston Real Estate Agent
(eXp Realty)
I know taxes aren't the most thrilling topic—trust me, I feel you. But if you're in the game to make money (and who isn't?), you can't afford to ignore the tax-saving opportunities that real estate offers. Depreciation is Your FriendFirst off, let's talk depreciation. When you own property, you can write off its value over time, even while it's likely appreciating in actual value. That’s like the financial universe giving you a high-five! Just consult with your tax advisor to ensure you're doing it right.1031 Exchange to Keep RollingDone flipping a property and eyeing the next one? Look into a 1031 exchange. This gem lets you defer capital gains tax when you reinvest in a similar property. It's like recycling your investment without the IRS taking a cut!Mortgage Interest Deduction You'r...
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