Most Orange County sellers who have lived in their home for years owe less tax than they fear, and some owe nothing at all. The exceptions are big gains above the federal exclusion, rentals and…
Real Estate Taxes
One of the most common budgeting mistakes California buyers make is trusting the property-tax figure shown on a listing. After you close, the county usually reassesses the home to your purchase price — and a…
Depreciation is one of the biggest tax advantages of owning a rental — but when you sell, the IRS "recaptures" part of that benefit, and California taxes it on top. Understanding recapture before you list…
A 1031 exchange can defer capital gains and depreciation recapture when you sell investment property — but it lives and dies by strict rules and deadlines that catch investors off guard. This is the mechanics-focused…