Completely Ignorant to Strategies of Deferring Taxes

[Marquest Page]

Hello BP,

I am in need of any advice that can be given regarding spending less money from my proceeds to the IRS. I have a double closing scheduled just before the new year. I would rather not see my profits taken so I am trying to figure out methods to reduce the loss from Uncle Sam. I had a friend of mine suggest that I should open either a Self Directed IRA or Self Directed Solo 401k and place the funds that I would have needed to pay the IRS into the IRA or 401k. This would defer me paying the taxes until I pull the money out and while the tax amounts sit there they accrue interest which brings more profits vs just paying it upfront with no gain. Due to my friend not being a CPA I just wanted to get other's opinions on this strategy and any other suggestions you guys may have. Thanks in advance.