Jan 11, 2023 | Real Estate, Taxes, Tips for Sellers
The year 2021 marked the 100th year tax-deferred exchanges have been part of the tax code. While the rules have evolved during the last century, exchanges continue to deliver on their intended purpose – encourage reinvestment, stimulate the economy, and create jobs. A...
May 30, 2014 | Folly Beach, Isle of Palms, News, Real Estate, Taxes, Vacation Home, Vacation Rentals, Wild Dunes
South Carolina legislators are pushing a new law through that will allow home owners the availability to rent their primary residences as vacation rentals for up to 72 days from the current 14, without effecting their primary status. This means that home owners may...
Aug 26, 2010 | Mortgages, News, Real Estate, Taxes, Tips for Buyers, Tips for Sellers, Trends
Do you think there is too much regulation in the financial industry? My husband, Mark, sent me a link to an interesting article in the NY Times. The premise is a good one: spell out for the consumer, in plain English, what he is getting. I am amused by the...
Aug 19, 2010 | Agents, Charleston Rentals, Historic Charleston, Mortgages, News, Real Estate, Taxes, The Real Estate Studio, Tips for Buyers, Tips for Sellers, Vacation Home, Vacation Planning Tools, Vacation Rentals
Section 1031 of the Internal Revenue Code is most often used in connection with the sale of real property. If you have been in the real estate market looking for a way to invest money and defer taxes, you may have heard about ‘Like-kind exchanges’ or ‘Tax Deferred...
Sep 29, 2009 | Mortgages, News, Real Estate, Taxes, Tips for Buyers, Tips for Sellers
Robert Freedman of Realtor Magazine recently sat down with Linda Goold, The National Association of Realtors’ director of tax policy, and Samuel Whitfield, an NAR legislative representative to discuss the possibility of an extension. The tax credit has been, in...
Jun 28, 2009 | Art, Events, Folly Beach, Historic Charleston, Interesting Charleston Facts, Isle of Palms, James Island, Johns Island, Kiawah Island, Mt. Pleasant, News, Recreation, Retail, Seabrook Island, Sullivan's Island, Taxes, The Best of the Lowcountry, Tips for Sellers, West Ashley, Wild Dunes
The first “official” week of summer has just passed and the Charleston sun has been blazing, making a day at the beach delightful and an afternoon snoozing in the shade even better. Summer in this city means farm fresh tomatoes, concerts in the parks, fireworks over...