Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

9
Posts
1
Votes
Jared Mcgrew
Pro Member
  • Victoria, TX
1
Votes |
9
Posts

Capital Gains Tax on Home Brother has Occupied?

Jared Mcgrew
Pro Member
  • Victoria, TX
Posted

My brother and I purchased a fixer upper in 2008, and we both lived there for several years before I moved out and purchased a different home. My brother has continued to occupy the house and make the mortgage payments on his own. He is now getting ready to sell and purchase a new residence, but I am wondering how I will be impacted if we split the profits of the sale 50/50.  Is there a way to protect my earnings or direct them (tax-free) into a new investment property? I wouldn't think I could 1031 the proceeds of my portion. Is that right? 

  • Jared Mcgrew
  • Loading replies...