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Updated about 5 years ago,
Question on capital gains taxes
Hello BP People,
Quick question here. I am looking to invest some funds into an apartment rehab syndication. I've done a quite a bit of research and all looks like it's on the up and up. I would like to sell stock to fund this but don't want to get hit with the capital gains taxes if I can avoid it.
Is investing as a limited partner in a syndication deal something you can use a 1031 or something similar to purchasing a home with the sale of stock? Other option would be to cash out a Roth IRA and roll funds into the project. Just not sure if either of these options helps avoid a big tax hit. Any advice would be greatly appreciated.