2019 Long-Term Capital Gains Tax Rates

Capital gains taxes are top-of-mind for anyone looking to sell a piece of property. For many investors, if capital gains taxes are too high, they won’t sell their property. In this article, we are going to discuss the 2019 long-term capital gains tax rates and how a 1031 exchange can help you defer these taxes when selling property.

Capital Gains Tax Rates in 2019

The table below outlines the 2019 long-term capital gains tax brackets by income and filing status:

Consider a 1031 Exchange

A 1031 exchange can help you avoid these hefty capital gains tax burdens. By moving all of your net proceeds into a new replacement property, you can effectively defer your capital gains taxes. This has the added benefit of keeping your money working for you in a continued investment – compounding and building wealth over time.

Meet with a Qualified Intermediary

If you’re mulling over the possibility of doing a 1031 exchange on your piece of real estate, do yourself a favor and meet with a qualified intermediary to discuss your situation. At CPEC1031, our intermediaries have more than two decades of experience facilitating exchanges for taxpayers in all industries and geographic locations. Reach out to our 1031 exchange professionals today at our downtown Minneapolis office to talk about the details of your exchange and start saving money on taxes right away!

• Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.

Defer the tax. Maximize your gain.

© 2018 Copyright Jeffrey R. Peterson All Rights Reserved

Your 1031 Exchange Guide for 2019

A new year brings new possibilities. If you’re thinking about selling a piece of real estate in 2019, you may want to consider a 1031 exchange instead of an outright sale. Doing so could save you a lot of money in taxes. This article will act as a brief guide to 1031 exchanges in 2019.

Remember the New Rules

2018 brought some significant changes to 1031 exchanges, as the Tax Cuts & Jobs Act went into effect. These new rules will remain in effect in 2019 so it’s important to keep them in mind. Most importantly, remember that you can only do 1031 exchanges of real property – personal property is no longer eligible for 1031 treatment.

Give Yourself Plenty of Lead Time

1031 exchanges can get very complicated very quickly. With so many moving parts and so much that can potentially go awry, it’s a good idea to give yourself as much lead time as possible. That means reaching out to a qualified intermediary before you sell your relinquished property. The earlier you start planning, the better.

Contact a Qualified Intermediary

If you’re thinking about doing a 1031 exchange contact CPEC1031 right away. With more than twenty years of experience, our intermediaries provide the highest level of service to our clients during their 1031 exchanges. We can help you through every step of the like-kind exchange process – filling out your paperwork for you, advising you on replacement property, and more! Contact us today to learn more about how we can help you save taxes on your next real estate sale. You can find us at our main office in downtown Minneapolis.

• Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.

Defer the tax. Maximize your gain.

© 2018 Copyright Jeffrey R. Peterson All Rights Reserved