Education & Insights
Stay informed with commentary and insights on wealth planning, the markets and economic conditions.
**NEW** Four steps to successful investing. Read More
Tax law changes: What happens in 2024 and beyond? Read More
Staying focused on what’s important in the new year – steps to take to help prepare for the year ahead. Read More
Wells Fargo Investment Institute 2024 Outlook – A pivotal year for the economy and markets. Read More
Managing real estate capital gains with like-kind exchanges (Section 1031)
In many cases, if you are planning to sell real estate and purchase new real estate, the tax gain can be deferred by following certain procedures in the Internal Revenue Code (IRC). An investor can exchange one real estate investment for another (or several) and can postpone paying taxes on the unrealized gain in the relinquished property if the proceeds are reinvested in ’like-kind’ property. This type of like-kind exchange, or 1031 exchange named after the IRC Section allows real estate investors to reinvest the proceeds from a sale on a pre-tax basis. Read More
