CryptoEmpire
Thu Oct 24 2024
|
0 answers
0
Can I deduct escrow fees?
I am wondering if it is possible to deduct escrow fees from my taxes or any other payments. I want to understand if there is a way to reduce the overall cost by deducting these fees.
PulseRider
Tue Aug 06 2024
|
6 answers
1348
Is a 1031 exchange a tax break?
Excuse me, could you please clarify if a 1031 exchange is indeed considered a tax break? I understand that it allows investors to defer paying capital gains taxes when they sell a property and use the proceeds to acquire a similar investment property, but I'm not entirely sure if that counts as a tax benefit or merely a way to defer taxes until a later date. Could you elaborate on this matter and provide some insight into the tax implications of engaging in a 1031 exchange?
