Description
Williamson, an attorney and real estate professional with 15 years of experience, offers solutions for deferring and even eliminating taxes on real estate. He discusses basic tax strategies that should be considered for new property investors and introduces techniques for using Starker 1031 exchanges, private annuity trusts, installment sales, and charitable trusts. Sample legal documents, a state-by-state tax guide, and a list of tax planning advisors are included. Annotation (c) Book News, Inc., Portland, OR (booknews.com)
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Through case studies and actual client transactions, Selling Real Estate without Paying Taxes discusses basic tax deferral methods for new property investors, as well as introducing some uncommon and complex techniques that the seasoned real estate investor/agent may not have considered. In Selling Real Estate without Paying Taxes, Richard T. Williamson breaks down the term ""capital gain"" and provides a look at the advantages and disadvantages of each method. Highlights of the book include how to use the Starker 1031 exchange, using installment sales to create a steady stream of income, and tax-free investing with an Investment Retirement Account (IRA).
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