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Updated over 5 years ago,
1031 fees vs taking tax hit?
Paid $100,000 in 2012 for this rental to kids, they are moving. If we sell for about $200,000, we are in 15% bracket. Married $77000 income approx. What's better choice, pay the cap. Gain tax? And be done with it. Or, pay the fees to lawyers, real estate, intermediary ,etc,etc?? What would total amount of fees be doing 1031..or just pay tax.
hope I got my point across. Not in millions here. Lol.