• When you look at the numbers and depending on the state one lives in (state tax), it makes sense if someone is in the top 2-3 income tax brackets. A FEW THINGS TO NOTE ABOUT THIS STRATEGY
• The numbers ought to be confirmed by your tax professional.
• All leverage deduction strategies are on a first come, first served basis.
• There is typically a limit in regard to availability.
IT MAKES SENSE IF SOMEONE IS IN THE TOP 2-3 INCOME TAX BRACKETS.
We are now well into October. Therefore, the time to move on these types of strategies is now. They have to be completed in 2023 to actually count against the 2023 income taxes. You will need to reach out to your tax professional right away to see if they are aware of any leverage deduction strategies. Click here to get a complimentary tax strategy consultation. CONCLUSION
SCOTT VARNEY Capital Gains Tax Strategist S V Consultants, Inc (408) 569-0778
Scott Varney is a capital gains tax strategist as well as a financial services professional. He helps clients think through options to defer, reduce, or eliminate capital gains taxes upon the selling of a highly appreciated asset, in this case, apartment buildings. He has a background in real estate as a top 1% producer nationally in the realm of residential real estate. He enjoys being with people and loves the opportunity to help solve challenging issues.
Disclaimer : We do not give legal tax advice. The best way to get guidance on your specific legal issue is to contact an attorney.
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