About 1031 tax deferred exchanges A 1031 tax-deferred exchange is a provision in the U.S. tax code (Section 1031 of the Internal Revenue Code) that allows real estate investors to defer capital gains taxes when selling an investment property, as long as they reinvest the proceeds into another like-kind property. What are the rules for a 1031 exchange? The Key Continue Reading
Archives for March 2025
Special Home Tax Exemptions for Massachusetts Home Sales
The Primary Home Sale Tax Break Exemption To qualify, the home must have been your primary residence for at least two out of the five years before the sale. These don't have to be consecutive years. Both the IRS and Massachusetts are in sync on this one and offer a significant tax break called the Home Sale Exclusion, which allows single filers to exclude up to $250,000 of the gain from Continue Reading
About Massachusetts Home Sale Taxes
What are the Home Sale Taxes in Massachusetts? This post explains the Home Sale Tax Consequences in Massachusetts for a single-family home or condo you've lived in for at least two of the last five years. At the bottom, you will see links to special Home Sale Tax Exemptions that can help you avoid most, if not all, of the taxes on a home sale. Our team at Greater Boston Home Team is here to Continue Reading
