Your client, bruno, is an investor. he is in the process of selling a fourplex and mentions to you that he hates the idea of the capital gains tax he'll be subject to. what should you tell him

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06-04-2022
Business

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Your client, bruno, is an investor. he is in the process of selling a fourplex and mentions to you that he hates the idea of the capital gains tax he'll be subject to. what should you tell him

Sagot :

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Tundexiidn Tundexiidn · Answer 1 · 2022-04-14T04:37:47-04:00

I will tell him to consider a 1031 tax-deferred exchange as he hates the idea of the capital gains tax that will be imposed on his sales of his fourplex.

What is a capital gains tax?

These is a type of tax that is owed on profits made from the sale of most investments if they are held for at least one year.

In conclusion, because bruno dislikes the idea of the capital gains tax that will be imposed on his sales of his fourplex, then, i will tell him to consider a 1031 tax-deferred exchange.

Sagot :

What is a capital gains tax?

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