Getting Ahead of Capital Gains Taxes
Successful multifamily investors should have a strategy when it comes to their taxes, so here are some important things to consider when dealing with capital gains taxes.
Capital Gains Tax Basics
Capital gains taxes are collected any time a taxpayer generates a profit from disposing of an asset such as commercial real estate, bonds, or expensive collectibles. Capital gains taxes do not typically apply to ordinary personal and business income or the sale of an individual’s primary residence. That said, multifamily investor…