RSVP for our Free 1031 Exchange Workshop on 10/31

NEW AND EXCITING 1031 EXCHANGE STRATEGIES AND TECHNIQUES

We’re excited to invite you to join us for an upcoming 1031 exchange workshop on 10/31/23. This informative workshop will cover new and exciting 1031 exchange strategies for 2023 and beyond. We’re offering both in-person and online options for attendees. Read on to learn more about the event details and how to register.

Workshop Details

Level up your tax knowledge to maximize the potential of your real estate investments. Join top experts for this live in-person advanced workshop with online live streaming to learn advanced strategies and 1031 exchange techniques.

  • When: October 31, 2023, 8:30 AM - 10:30 AM (8:00 AM - 8:30 AM registration and free networking breakfast for in-person attendees)

  • Where: Online or in-person at Delta Hotels by Marriott Minneapolis Northeast - 1330 Industrial Blvd NE, Minneapolis, MN 55413

  • Note: No CLE or CE Credits – This is NOT a continuing education class for RE Agents, lawyers or CPAs

Click on the event registration link below to RSVP!

RSVP

3 Tips For Offsetting Capital Gains

When you profit from the sale of an investment, you will incur a capital gains tax liability. It’s great that you were able to make money on your investment, but capital gains can be taxed at elevated rates, so many smart investors look for ways to offset paying capital gains taxes on investment proceeds. In today’s blog, we take a closer look at a few ways to offset capital gains.

Smart Moves To Offset Capital Gains

At CPEC1031, we’re always looking for ways to help you keep more of your hard earned money. Here are five smart financial moves you may be able to make in order to reduce your capital gains tax liability.

  • Consider A 1031 Exchange - We’ll start with a tip we have a wealth of experience with. A 1031 exchange allows you to move all of the funds from the sale of one property into the purchase of another like-kind property without having to pay taxes on the proceeds of the sale. If you are looking to move on from one investment opportunity and into another, a 1031 exchange is a very financially-wise move.

  • Offset With Losses - Some assets do really well, while you may lose money on others. You can sell other assets at a loss to offset some or all of the capital gains you realized on other assets. This is oftentimes referred to as tax loss harvesting.

  • Minimize Taxable Income - If you expect to have capital gains this year, you should consider doing what you can to reduce your taxable income. Increasing your contributions to your IRA or 401(k) or reducing your taxable income through other investments like municipal bonds can help to minimize your short-term capital gains rate.

You worked hard for your money, and by taking a few smart steps, you can hang on to more of it by lowering your capital gains tax liability. For more information on navigating capital gains taxes or 1031 exchanges, please give the team at CPEC 1031 a call today at (612) 643-1031.

  • Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.

Defer the tax. Maximize your gain.

© 2023 Copyright Jeffrey R. Peterson All Rights Reserved

Video - What are Capital Gains Taxes?

Capital gains is a form of taxation. It’s actually a preferred or lower rate than pay on your ordinary earned income. Capital gains in the United States at the time of this recording have a maximum rate of 20% for the ordinary appreciation that you enjoy on capital assets including real estate that’s held for investment or business purposes. Some gains are derived because you depreciated the property. Every year you took a depreciation deduction you took an incremental decrease in your basis. Over time you’ll whittle your basis down to zero on your improvements. That gain that’s calculated from your depreciation deductions is taxed at a higher rate of 20%.

  • Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.

Defer the tax. Maximize your gain.

© 2023 Copyright Jeffrey R. Peterson All Rights Reserved

Video - Related Party 1031 Exchange Transactions

In a 1031 exchange, a related party is determined in one of two ways. There are people you are in familial relations with (your mother, father, child, ancestral and lineal descendants, etc.) But it’s also people you’re in business with (your employee, agent, attorney, accountant, etc.) These are very complex rules and the net may be broader than you think when determining who is a related party. Since related party transactions are more complicated and sophisticated, it’s important to know who is a related party. It’s a good idea to consult with a tax accountant or attorney if you’re engaged with someone you’ve done business with or that you’re related to by family relation.

  • Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.

Defer the tax. Maximize your gain.

© 2023 Copyright Jeffrey R. Peterson All Rights Reserved

Video - Can a Foreign Person Purchase US Real Property?

Anyone can buy property in the United States, even foreigners. But, subject to certain limitations, when you sell the property, if you’re a foreign person there may be withholdings required where the buyer has to withhold a certain portion of the proceeds because it has to be available to pay the seller’s US property tax liability from the sale. This may complicate a foreign person’s sale of a property but generally speaking, foreign people can buy US real property. It’s just that things get a little bit more complicated when they go to sell the property.

  • Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.

Defer the tax. Maximize your gain.

© 2023 Copyright Jeffrey R. Peterson All Rights Reserved

Defer the tax. MAXIMIZE your gain.

Is a 1031 Exchange Right for Me? →