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Updated about 10 years ago,

Andy Mei's profile image
Andy Mei's profile image
Andy Mei
  • from Elmhurst, New York
  • Member since Jan 12, 2015
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Andy Mei's profile image
Andy Mei's profile image
Andy Mei
  • from Elmhurst, New York
  • Member since Jan 12, 2015
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Andy Mei
  • Elmhurst, NY
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Buying & Selling Real Estate

Selling my llc property and purchase my primary home

Andy Mei
  • Elmhurst, NY
Posted

Hi gurus, long time lurker and first time poster.

I am considering selling my llc owned (40 percent ownership) rental property, and use fund to purchase my primary house in order minimize tax triggered on profit of the rental property.  Does this approach work?  Any better solution I could defer tax generated by selling my rental?

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