When an investor sells an investment property for more than it was paid for originally, any profits from the sales price are subject to capital-gains taxes. There is however a way to defer capital gains taxes thanks to current IRS Section 1031 of the tax code. An investor can sell their previous investment property (aka […]
Tag Archives: investment
Maui County Sees Significant Recovery In 2012
According to a recent report from the economists at the University of Hawaii, 2012 was a “strong recovery year” for the County of Maui. “Tourism demand from all major markets will provide one more year of solid visitor gains that will bring the industry to a high level of capacity use. Construction is now poised to make […]
Incentive for First Time Buyers
In case you missed this post in the newsletter, I thought I’d post it again here because it’s such a valuable piece of information. Home buyers can claim a special tax credit worth up to $8,000. The American Recovery and Reinvestment Act offers qualifying home buyers a tax credit equal to 10 percent of a […]