Do you happen to own stocks that you are thinking about selling? Do you also own a commercial property? If so, now is the time to consider cost segregation. Using cost segregation on your commercial property will lower your taxable income. This will make your capital gain less when you sell stock and potentially lower your capital gain tax rate.
- Capital gain is any profit you have from selling an asset
- Capital gain tax rates at different income levels
- Benefits of cost segregation
- Covid effects on capital gains
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