If you’re going through a divorce or think you might be soon you have to get even more strategic about protecting your finances. That has certainly been the case with divorce. Any problems in our personal lives can get even more difficult once the stress of finances gets involved. Inflation, rising interest rates, and layoffs aren’t just financial issues - they can also impact our mental health, our physical health, and our relationships. If the past year has taught us anything, it’s that the economy touches every aspect of our lives. 121 of the IRC, you can exclude up to $250k of capital gain on the sale of your primary residence ($500k if you're married filing joint). If you bought a home prior to 2021, it's likely that you are sitting on a significant amount of gain. (4) $250k/$500k Primary Residence Exclusion You can defer both capital gain and depreciation recapture. This GOAT tax deferral strategy allows you to swap real estate out ('trade up') without incurring current-year taxes.

We recently had Barrett Linburg on our pod to discuss how QOF's can still be hugely advantageous for real estate investors. It's true, the initial tax benefits (gain reductions) are no longer, but you can still use Qualified Opportunity Zone funds to your advantage. (2) Investing in a Qualified Opportunity Zone In 2023 you can immediately expense 80% of the value of any property with a useful life of <20 years, via bonus depreciation.

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