Capital gains refer to the profits resulting from investments into a capital assets, such as stocks, bonds or real estate, which are greater than the amount paid for those assets.
Wealthy home owners who were trying to beat the fiscal cliff helped send luxury home sales soaring at the end of 2012.
On Jan. 1 both the Senate and House passed H.R. 8, legislation to avert the “fiscal cliff.” The bill was signed into law by President Barack Obama on Jan. 2.
Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like-kind properties. 1031, or tax-deferred, exchanges hold great advantages for both investors and REALTORS®. This field guide provides access to articles, manuals, forms, ideas, and other information to help you start building your 1031 niche.