Location: La Jolla, Calif.
Sold for: $5.45 million
Estimated tax savings: $260,000
The sellers of this five-bedroom property decided to upgrade to a house on the beach one block away -- and they made sure to close the deal ahead of the Jan. 1 tax law changes, said agent Drew Nelson of Willis Allen Real Estate.
By raking in about $3 million in profit in 2012 instead of 2013, they saved more than $110,000 on the 3.8% Medicare surtax on investment gains and another $150,000 or so on the hike in the capital gains rate to 20% from 15%.
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