*Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.
This could be the possible scenario if we decided to sell our home this year. The net profit is calculated by subtracting the cost of the sale, improvements, original price, and $250,000 in exemptions for each spouse from the sales price.
There is a way to defer the tax indefinitely. The amount depends on the personal income.
You could have learned the way on how to do this by attending last week’sMEETUP event about 1031 tax deferred exchanges.
Our next presentation on the same subject will take place on July 10th in San Francisco. Until then, feel free to call me to find out “the secret”.
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