Problem

An older couple had owned for many years a personal residence now valued at $2.9 million. With their children grown with families of their own, they decided they wanted to downsize to a smaller home and increase their income. They were, however, hesitant to sell after learning that they would still owe more than $300,000 in capital gains taxes after paying off the property’s $1.2 million mortgage.

WRCRES Tax Alliance Solution

The property owners sell their home, defer the taxes and receive more than $1.3 million at close of escrow to invest as they choose to generate more income for retirement.

What’s Next?

If you are thinking about selling your highly appreciated asset, Contact Us ! Consultations are free of charge and take place at your convenience. We can also provide conference call consultations with your current advisors or other financial experts you trust to ensure that we are the right choice for you.