Home Buying & Selling

Selling a vacation home that’s gone up in value? A Section 1031 exchange is one way to avoid a tax hit

Say you own a highly-appreciated vacation home that you’re ready to unload for whatever reason. If you simply sell it, you could face a whopping big income tax bill. See my earlier column on that unfortunate outcome. ugh. But if you’re still bullish on real estate and not a fan of paying taxes unnecessarily, you …

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Carlos Santana Sells Hawaii Vacation Home for a Smooth $11.9 Million

Musician Carlos Santana has sold a vacation home on the Hawaiian island of Kauai for $11.9 million, several months after upgrading to a larger property nearby. The famed guitarist, who lives primarily in Las Vegas, listed the house for $12.9 million last year, around the time he shelled out $20.5 million for a bigger house …

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