by Leila Mortaz | Sep 17, 2013 | Deferred Sales Trust, Home Seller Tips, Real Estate (Residential)
The rate for Long Term Capital Gains in 2013 (if you held your home for 1 year or longer) is 20% for Federal Taxes and 9.3% for California! That’s a huge tax liability if you are considering selling your California home. Tax exemption relief is set at $250,000...
by Leila Mortaz | Sep 10, 2013 | Deferred Sales Trust, Home Seller Tips, Real Estate (Residential)
If you have a lot of equity tied up on your property where you gain from a Real Estate sale will exceed $500,000, then you need to investigate a Deferred Sales Trust. Deferred Sales Trusts are used to increase your cost basis for your purchase and defer the lump sum...
by SalesDude | Sep 2, 2013 | Deferred Sales Trust, Home Seller Tips, Real Estate (Residential)
We are meeting more and more Los Gatos homeowners who are living in fear of their Capital Gains tax liability when they considering selling their homes or businesses.The exemptions for Capital Gains tax start with $500,000 for husband and wife in the sale of their...
by Leila Mortaz | Sep 2, 2013 | Deferred Sales Trust, Home Seller Tips
Selling your Los Altos home without considering the Capital Gains implications would be crazy specially given the 20% taxes from IRS and 9.3% his from State of California. And as if that was not painful, enough the high-income earner tax hit will push your tax...
by Leila Mortaz | Aug 26, 2013 | Deferred Sales Trust, Home Seller Tips
To determine your Capital Gains you subtract what you paid for your San Jose Home or Building from the Net Sales price. The rate for Long Term Capital Gains Tax if you held your home for 1 year or longer is 20% for Federal Taxes and 9.3% for California making your...
by Leila Mortaz | Aug 23, 2013 | Deferred Sales Trust, For Sale By Owner, Home Seller Tips, Real Estate (Residential)
If you are interested in selling your San Jose home and you anticipate a huge net profit; then it might be time to talk a CPA or Estate Planning specialist to see if you can avoid the 30% hit for Capital Gains Tax. With more than 30% Capital Gains Tax bill facing...
