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KEITH A. HURTUBISE RE/MAX 100 INC. DENVER COLORADO REAL ESTATE - HOMES & INCOME PROPERTY DUPLEX TO APARTMENT INVESTMENTS |
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TAXES Taxes are a major consideration of every real estate deal! To learn more about how the IRS views Residential Rental Property for 2004, check out
Capital Gains Tax The top Capital Gains rate was reduced from 20 to 15%. (The top tax rate on net capital gain (i.e., net long-term capital gain reduced by any net short-term capital loss) has been reduced from 20% to 15% (and from 10% to 5% for gains that would otherwise be taxed at a regular rate of 10% or 15%) for property sold or otherwise disposed of after May 5, 2003 (and installment sale payments received after that date). The reduced rate applies for both the regular tax and the alternative minimum tax. The higher rates that apply to unrecaptured section 1250 gain, collectibles gain, and section 1202 gain have not changed.) This information is from the IRS. See Capital Gains and Losses for complete article.
1031 Tax-Deferred Exchanges Over the past few years, Small Investors have learned to use the 1031 Tax-deferred exchange to increase the size of their real estate portfolio just as the "big boys" have done! Call Keith for additional information on Tax Deferred Exchanges. All Current Listings Home Page
Call Keith for additional information!
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