August, 2021 RSS Icon
Found 2 entries for August, 2021.

Investing in property is one of the most lucrative endeavors you can delve into if you do it right. Tax rules abound for investors when it comes to selling off property, but there is a popular tool to help maximize profits and avoid capital gains tax. A 1031 exchange can do just that is one of the best bets for building foundational real estate wealth.

 

What is a 1031 exchange?

A 1031 exchange gets its name from Section 1031 of the U.S. Internal Revenue Code, which allows an investor to avoid paying capital gains taxes on the sale of an investment property, as long the proceeds are reinvested within certain time limits in a property or properties of equal or greater value. In short, it’s a tax-deferring transaction that can be used in just about

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Nevada is leading the charge across the nation for payroll growth as the United States economy begins to recover from the COVID-19 pandemic. The biggest resurgence nationwide, the Silver State has posted a year-over-year growth of just under 30% according to an analysis by insurance tech company Huckleberry.

Growth in Nevada was double the rate of second-place Maryland (15%) and more than three times the growth of third-place North Carolina (8%).

Payroll growth is defined as the increases in average wage and salaries, and a factor typically considered to be a good indicator for recovery and business confidence. Nevada also jumped up its insurance policy growth by a whopping 165%.

“Nevada had the biggest bounce we’re seeing in terms of

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