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Tax Deductions When Selling a Home

Are there tax deductions when selling a home. And the answer is: You bet! Sure, you may remember way back to 2018 and its new tax code—aka the Tax Cuts and Jobs Act—changed some rules for homeowners. But rest assured that if you sold your home in 2022 (or are planning...

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1031 Exchange: ????

A typical 1031 Exchange to defer taxes: 45 Days to identify the NEW Property, 180 Days to Close on said Property HOWEVER - For Exchanges started between Oct. 18th and Dec. 31, the timeline to complete (above) is and can be shortened! The Tax Code states the new...

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Market Update

Oct. Single-Family Starts Continue to ContractHousing starts decreased 4.2% in Oct., with a larger dip in single-family home starts (down 6.1%) offset by a smaller dip in multifamily starts (down 1.2%).Elevated mortgage rates, high construction costs for concrete and...

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