Capital gains taxes are generally at a lower rate than income. Yes, new donations to a charity or a DAF will lower your taxable income, but you have to exceed your standard deduction before it even changes the numbers (i.e. what are your other deductions?). The correct answer is whip out a pencil or some tax software and crunch the numbers, tinker to test. There is depreciation recovery (and I don't know what else) on selling a rental. One should not try so hard to avoid taxes that one gives up money.
Statistics: Posted by CAsage — Tue Jun 25, 2024 7:20 am — Replies 4 — Views 448