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Mario Pinedo, CCIM

MVP'08
"Helping Buyers & Sellers Since 1991"
  • 107 Helpful Answers
  • 322 Answers
  • 2 Listings
Agent at Intero Real Estate
Experience:
Residential, Investment & Commercial Realtor for Intero Real Estate February 2007—present
Full time Realtor helping my clients buy and sell homes and investment properties.
Specialties:
Representing buyers and sellers in Silicon Valley since 1991. I always view real estate as an investment - so that focus is key to helping my buyers purchase ... show more
Certifications
& Awards:
CCIM designation 2004
Interests:
My two kids - Max & Vivienne both 10 years old
Team in Training San Diego Marathon
... show more
About:
Investment, Residential & Commercial Realtor in the Bay Area since 1991
San Francisco native
... show more
Testimonials:
"Mario helped me with a new construction purchase in a very hot market during 2006. We ended up with the 11th home sold in a lottery system of 220 condos ... show more
Mario Pinedo, CCIM answered:
Capital gains tax is what you are referring to.
There is also tax on cost recovery recapture (or depreciation)
Federal CG is 15% now - there is talk of that increasing
CA state maximum is 9.3% depending on your tax bracket and other factors.
Cost recovery recapture is 25% of depreciation taken over the holding period.

Of course you should talk to a CPA to see what your actual costs are. Also to see what methods to mitigate those costs may be.

1031 tax deferred exchange is one very good method to deferring those costs if you plan to keep your capital in real estate. - Thu Nov 19 2009, 11:44

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