Instead of making an outright sale of commercial or investment property, the tax law enables you to “swap” it for like-kind property with out paying any current tax. However, things aren’t usually so cut-and-dried in the real world. For one thing, it is unlikely the potential buyer of your property will own any real estate… Read More
Say Your aging parents live in a home that has appreciated in value, but they’re no longer reaping any of the home ownership tax breaks during their retirement years. Sound familiar? Good news: With one stroke of the pen, both you and your parents can win: They’d gain instant access to their home equity (without… Read More