Tax Secrets of Millionaire Real Estate Investors

Book Description
Take full advantage of the tax code and avoid taxes, saving as much as one-third of the profit on the sale of a property.
Real estate investment is the best tax-advantaged road to wealth available today. Through depreciation, real estate investments have the potential to provide tax-free income for years, even shielding other income from taxation. And when the time comes to sell off the investments, capital gains taxes can even be legally deferred or eliminated-that is, if investors know the secrets. Richard T. Williamson, Esq., a renowned real estate attorney, has compiled these tips and more into a nontechnical, straightforward look at how individuals can use the tax code to their advantage. From the simple to the sophisticated, the author explores various tax deferral and elimination methods, discusses the pros and cons, and gives examples of how they work in everyday practice. Geared toward real estate investors, apartment building owners, developers, realtors, financial planners, and accountants, Tax Secrets of Millionaire Real Estate Investors explains how readers can:
* Build wealth tax-free.
* Shelter real estate income from taxes.
* Buy and sell real estate without being taxed.
* Minimize taxes on final divestment.
* Create tax-advantaged streams of income at retirement. Tax Secrets of Millionaire Real Estate Investors describes commonplace tax-deferral devices like installment sales and 1031 exchanges, as well as the lesser-known private annuity trusts and charitable remainder tax-advantaged trusts. Williamson also includes case histories, sample forms, relevant IRS codes, and sample IRS forms and publications.


About the Author
Richard T. Williamson, Esq., is an attorney, real estate broker, and real estate investor. His specialty is real estate capital gains tax planning, and he has counseled and advised hundreds of investors on everything from small residential rental properties to large commercial investments and multi-million-dollar sub-divisions. He provides continuing education to California Realtors and is a qualified intermediary for 1031 tax-deferred exchanges. Williamson is a continuing advisor on real estate tax articles for the Wall Street Journal and has had his work featured in the Los Angeles Times. He contributes articles to real estate–related publications nationwide. Williamson holds a bachelor’s degree in business from the University of Southern California and a Juris Doctor degree from Southwestern University School of Law.


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Tax Secrets of Millionaire Real Estate Investors describes commonplace tax-deferral devices like installment sales and 1031 exchanges, as well as the lesser-known private annuity trusts and charitable remainder tax-advantaged trusts. Williamson also includes case histories, sample forms, relevant IRS codes, and sample IRS forms and publications.


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