Selling property, Investment properties, income producing property

Main Orlando Real Estate New Construction Area Information What's my home worth Contact us
	Are the proceeds of my sale taxable? What about 1031 tax deferred exchanges? The answer is "It depends". If the house you sold was your primary homestead for over 24 months during the last 5 years a singe person can make $ 250,000 net profit from the sale (after all costs) A married couple can make up to $ 500,000 before paying taxes on the sale. If the property was a second home or an income producing property the situation is different. On Orlando investment properties you have to pay taxes. The cost you had acquiring the property will be deducted as well as cost connected with marketing and selling the property. Note that you also pay taxes on depreciation you were eligible on the income property once you sell. Income properties can be exchanged to a likewise property without paying capital gains taxes. However the sale has to follow strict guidelines in order to qualify. We can assist you with 1031 tax deferred exchanges for income producing properties. Check out this link to a qualified partner for those exchanges: http://www.starker.com/ Another way to purchase and sell real estate without immediate tax liability is to manage your own self direct IRA account. You can now use your retirement funds and manage the investment for those yourself. Call or email for details, we will be happy to assist you with any question on how to set those up.	Featured Listings Buyer Tips Seller Tips What factors will affect the market time? What is the market value of my home? How can I best advertise my home on the internet? A good home - guaranteed Closing cost, who pays for what? Get the best curb appeal Staging your house inside How to best conduct a showing Get Info Package View Orlando Video Links Email us Glossary
Metro Orlando Cities and Communities Alaqua Apopka Bay Hill Bella Colina Belle Isle Casselberry Celebration Chuluota Daytona Beach Debary Deland Deltona Dr Phillips Geneva Gotha Heathrow Hunters Creek Isleworth Keenes Pointe Kissimmee Lake Brantley Lake Forest Lake Mary Lake Nona Longwood Maitland Metrowest New Smyrna Beach Orange City Orlando Oviedo Poinciana Ponce Inlet Sanford Sweetwater Tuscavilla Waterford Lakes Wekiva Windermere Windsong Winter Garden Winter Park Winter Springs Central Florida Counties Lake County Seminole County Orange County Osceola County Volusia County
Copyright 2005 - Malte Strauss - office phone 800-771-0031 extension 298 - direct line 407-416-9659 - fax 407-650-2769 All information believed to be correct but not guaranteed. Usage of information at your own risk. Southern Realty Enterprises, Inc. is an Equal Opportunity Company. Equal Housing Opportunity. Each office is independently owned and operated.

Main Orlando Real Estate New Construction Area Information What's my home worth Contact us

Are the proceeds of my sale taxable? What about 1031 tax deferred exchanges?

The answer is "It depends". If the house you sold was your primary homestead for over 24 months during the last 5 years a singe person can make $ 250,000 net profit from the sale (after all costs) A married couple can make up to $ 500,000 before paying taxes on the sale.

If the property was a second home or an income producing property the situation is different. On Orlando investment properties you have to pay taxes. The cost you had acquiring the property will be deducted as well as cost connected with marketing and selling the property. Note that you also pay taxes on depreciation you were eligible on the income property once you sell. Income properties can be exchanged to a likewise property without paying capital gains taxes. However the sale has to follow strict guidelines in order to qualify. We can assist you with 1031 tax deferred exchanges for income producing properties.

Check out this link to a qualified partner for those exchanges: http://www.starker.com/

Another way to purchase and sell real estate without immediate tax liability is to manage your own self direct IRA account. You can now use your retirement funds and manage the investment for those yourself. Call or email for details, we will be happy to assist you with any question on how to set those up.

Featured Listings

Buyer Tips

Seller Tips

What factors will affect the market time?

What is the market value of my home?

How can I best advertise my home on the internet?

A good home - guaranteed

Closing cost, who pays for what?

Get the best curb appeal

Staging your house inside

How to best conduct a showing

Get Info Package

View Orlando Video

Links

Email us

Glossary

Orlando real estate specialists, sell my own home, get real estate values, Southern Realty Enterprises

Metro Orlando Cities and Communities

Alaqua Apopka Bay Hill Bella Colina Belle Isle Casselberry Celebration Chuluota Daytona Beach Debary Deland Deltona Dr Phillips Geneva Gotha Heathrow Hunters Creek Isleworth Keenes Pointe Kissimmee Lake Brantley Lake Forest Lake Mary Lake Nona Longwood Maitland Metrowest New Smyrna Beach Orange City Orlando Oviedo Poinciana Ponce Inlet Sanford Sweetwater Tuscavilla Waterford Lakes Wekiva Windermere Windsong Winter Garden Winter Park Winter Springs

Central Florida Counties

Lake County Seminole County Orange County Osceola County Volusia County

Copyright 2005 - Malte Strauss - office phone 800-771-0031 extension 298 - direct line 407-416-9659 - fax 407-650-2769
All information believed to be correct but not guaranteed. Usage of information at your own risk. Southern Realty Enterprises, Inc. is an Equal Opportunity Company. Equal Housing Opportunity. Each office is independently owned and operated.