Reducing Your Charleston Property Taxes

Courtesy Charleston County Auditor’s Office
Do you own and reside in your home?

If you are over 65 years of age, or certified totally and permanently disabled or blind, you may qualify for the Homestead Exemption. Up to [...]

401k Investing in Real Estate

Every good investment advisor would agree that any retirement plan should have a properly balanced asset allocation, whether it is a 401(k), Individual IRA, Simple IRA, SEP IRA, Roth IRA or a Coverdell Education Savings Account (ESA).
One key to a balanced portfolio is to make sure the asset classes you hold are non-correlating. To make [...]

Why Depreciation is the Best Tax Deduction

The Best Tax Deducation
Many potential real estate investors, and even current investment property owners don’t fully understand why depreciation is the best real estate tax deduction of all. Uncle Sam requires property investors to depreciate their investment properties such as rental houses, apartments, warehouses, office buildings and shopping centers. Depreciation is a “paper loss” required [...]

Selling Your Home

Tax Exclusion (Federal)
If you sold your main home, you may be able to exclude up to $250,000 of gain ($500,000 for married taxpayers filing jointly) from your federal tax return. This exclusion is allowed each time that you sell your main home, but generally no more frequently than once every two years.
To be eligible for [...]

1031 Tax Deferred Exchange

Dodging the Capital Gains Tax Demon (Federal)
Some savvy investors have always understood the importance of the profitable real estate market. Many of them have discovered a powerful tax strategy, the Internal Revenue Code Section 1031 tax-deferred exchange.
Using a 1031 tax-deferred exchange, a property owner can trade income or investment property without paying any federal income [...]

Tax Information

1031 Tax Deferred Exchange – Dodging the Capital Gains Tax Demon: With the recent decline in the stock market, some savvy investors have turned their attention to the profitable real estate market. Many of them have discovered a powerful tax strategy, the Internal Revenue Code Section 1031 tax-deferred…
Read 1031 Tax Deferred Exchange
Selling Your Home – [...]