(Save the date: RealShareLos Angeles comes to the Hyatt RegencyCentury Plaza in Los Angeles, CA, on March 27, 2013.)
LOS ANGELES-The expiration date on the currentcapital-gains tax is but a few weeks away, andthere are two important steps investors should take before therates go up in 2013. According to Tom Muller,co-chair of real estate and land use for law firm Manatt,Phelps & Phelps here, completing sales before year-endand setting up 1031 deferred exchanges are twoavenues to consider in order to avoid paying the higher rates.
“It depends on what you think is going to happen next year andin the coming years, but the president has made it clear that hewants a tax-reform bill in place by August 2013, so there isagreement on both sides of the aisle that some kind of reform isneeded,” Muller tells GlobeSt.com.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
