Full Newsletter   Newsletter Archives



Title:
Description:
Let's say you own a highly appreciated home. You want to sell the property and convert the equity into an income-producing investment. But there's one problem: The amount of gain is expected to be much more than the $250,000 that you can pocket tax-free under the tax law ($500,000 for married couples filing jointly.) You have to pay taxes on the profit above that amount. But there might be a strategy to avoid a big bill that combines two tax breaks and has the approval of the IRS. Here are the details.
History/Notes:

We take great care in the preparation of our articles and announcements. We also have a process of reviewing articles when major changes take place. The business, legal and tax climate is constantly changing especially when reviewed on an industry basis.

It may be very important to consult with us or your Investment Advisor before implementing ideas contained in articles and announcements. Many ideas have complexities and nuances that cannot be adequately detailed in the articles or announcements. We are not responsible for errors, misinterpretations or omissions related to these articles or announcements. Nor are we responsible for the applicability to your personal, business or tax situation.

Pursuant to Circular 230 promulgated by the Internal Revenue Service, if this email, or any attachment hereto, contains advice concerning any federal tax issue or submission, please be advised that it is not intended or written to be used, and that it cannot be used, for the purpose of avoiding federal tax penalties unless otherwise expressly indicated.