Dec 12, 2019
In episode 215 of Financially Simple, Justin continues his examination of reducing tax costs when selling Real Estate.
When selling property the 1031 Exchange route might not be the best option with so many disadvantages, so what other options are there? Justin explains the Opportunity Zone, what it is how it works, and provides a case study example of Comprehensive Tax Planning.
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00:54 - How to Minimize Taxes When Selling Real Estate: Part 2
01:54 - The O-Zone
03:49 - Tax Advantages of Investing in O-Zones
05:11 - The Process
06:43 - Case Study Example
08:35 - The Fourth Strategy: Comprehensive Tax Planning
13:20 - Conclusion
14:12 - Wrap Up
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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.