Photo by Tima Miroshnichenko from Pexels “1031 exchange” or “like-kind exchange” are terms you may have encountered in the real estate world. While the name might make it sound like a tax form, it actually refers to an entire type of business transaction. If you are interested in buying or selling investment property, it’s important to understand what...

Photo by Acharaporn Kamornboonyarush from Pexels In a nutshell, if you have owned a home for five years and lived in it for at least two out of five years, or if you’ve owned the house for two years and lived in it the entire time, a single person has a $250,000 tax exemption. If you are married,...