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Updated 9 months ago on . Most recent reply
buy a home, build a DADU, sell both units after DADU complete, tax saving strategy?
If we purchases a home as an investment property, build a DADU, and sell the home and DADU (around 12 months after the purchase), what's the best strategy for tax saving?
My partner and I are both on the higher end of tax bracket, anything we could do to help reduce the tax bill from these transaction?
Thanks.
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Bill Hampton
- Tax Strategist, Financial Planner and Real Estate Investor
- Atlanta, GA
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There are several strategies that you can use to reduce your tax liabilities. A 1031 exchange, an installment sale, and a Delaware Statutory Trust (DST) are just a few. I recommend that you consult with a tax accountant specializing in real estate taxation. There are several of us on this site.
Good luck.
- Bill Hampton
- 404-482-3170
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