Free Class: Selling a Property or Business? What the Tax Really Costs

Thinking about selling a home, a rental, a commercial building or a business? This free one-hour class walks through what the tax bill really looks like in California and the legal, IRS-recognized ways sellers keep more of the proceeds. Plain English, real examples, your questions answered.

What we cover:

1. What capital gains tax on a sale really costs in California: federal and state rates, the 3.8% surtax, and depreciation recapture.

2. Installment sales: getting paid over time to spread the gain across several years, and the trade-offs.

3. 1031 exchanges and boot: the deadlines, and why cash or debt relief in an exchange can still be taxed.

4. Losses stuck on your return: when unused rental losses finally come off the shelf.

5. Opportunity Zones: how reinvesting a gain can defer and reduce it.

6. Q&A.

Who should come: homeowners and business owners, 55+, near Irvine, thinking about selling in the next few years. Bring a spouse.

Instructor: Hans Goldstein, founder, Retirement Literacy Foundation.

Northwood Community Center, Meeting Room, 4531 Bryan Ave, Irvine. Saturday, October 17, 4:30 to 5:30 PM. Hosted by the Retirement Literacy Foundation, a 501(c)(3) nonprofit. Education only, nothing is sold. Light refreshments. Only 25 seats. Doors open 4:15 PM.

Free, but seats are limited. Reserve: https://retirementliteracyfoundation.org/irvine-workshop/?src=patch

Questions: hans@retirementliteracyfoundation.org or 714-584-4921.

General education, not individual tax, legal or financial advice.