Taxes | Macomb County MI Homes for Sale

All About 1031 Exchanges

A 1031 exchange, also known as a Starker exchange, is a tax-deferred swap of one investment property for another. The process is named after Section 1031 of the Internal Revenue Code, which governs it. A 1031 exchange can help you defer capital gains taxes on the sale of real estate. This guide explains. What is […]

When Do You Have to Pay Capital Gains Tax on Real Estate?

When you sell a home in Macomb County, you may have to pay capital gains tax on the profits. But when do you have to pay it? This guide explains everything you need to know about capital gains tax on real estate. What is Capital Gains Tax? Capital gains tax is a tax on the […]