Jason Wong (PB) MBA, Principal Broker: Residential & Commercial Excellence Since 2004

How to Avoid Capital Gains Tax on Hawaii Real Estate | 1031 Exchange & HARPTA Explained 🌴

Selling your Hawaii investment property shouldn’t mean handing over all your hard-earned equity to taxes. In this video, I break down one of the most powerful wealth-building tools every real estate investor needs to understand: the IRS Section 1031 Exchange.

Whether you’re looking to swap a high-maintenance Waikiki condo for a peaceful single-family home in Waialua, or trade raw land for a commercial warehouse, “like-kind” exchanges give you the ultimate flexibility to upgrade your portfolio while deferring capital gains tax entirely.

We also dive deep into a critical Hawaii-specific hurdle: HARPTA (the Hawaii Real Property Tax Act). If you’re an out-of-state or international investor, the state normally withholds 7.25% of your sales price right at closing. I’ll show you how a properly executed 1031 Exchange can grant you an exemption, keeping that cash flow in your pocket to reinvest rather than waiting around for a state refund.

At Island Dragonfly, we believe in crafting island dreams, one key at a time. The dragonfly symbolizes transformation and resilience—exactly what a strategic 1031 exchange brings to your investment journey. Don’t let tax fears keep you stuck in an underperforming property. Let’s maximize your returns.

Ready to strategically elevate your Hawaii real estate portfolio? Let’s connect and make your money work as hard as you do.

Jason Wong, MBA
Principal Broker, Island Dragonfly LLC
License #RB-24348 | #RB-22819
🌐 Personal Real Estate Site: https://jasonwong.us
🌐 Island Dragonfly Firm: https://islanddragonfly.com

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