The Trump administration is expected to introduce a proposal that could make it easier for first-time homebuyers to access their 401(k) savings for a down payment, without incurring the usual 10% early withdrawal penalty. What’s Being Proposed? While full details have not yet been released, the proposal…
We are currently in a period of high home prices and relatively high mortgage rates. A push to improve housing affordability is gaining momentum. One potential solution being proposed is the 50-year mortgage—a loan term that would stretch payments over five decades. While the idea may seem appealing,…
Written by Jon Porcelli Senior Tax Manager In the scope of real estate investment, a 1031 exchange (like-kind exchange) stands out as a key strategy for deferring capital gains taxes through the swap of one investment property for another. This approach, rooted in Section 1031 of the Internal…
