Tax deferment strategies And alternatives to 1031 exchange

[Bryan Mitchell]

We may be listing our single-family home investment property this month. It has greatly appreciated and if sold, we could clear $100K. I used 1031 exchanges in the past but failed to find a replacement. I don’t want to do this again especially if prices will be lower in the mid-term. So, I’m looking to defer/ avoid a tax bill. I plan to invest it in a MF in an another 12-24 months from now. Thanks in advance!

[Natalie Kolodij]

Do you have any passive losses trapped in the property?

Is $100k your actual taxable gain or cash at close? Those two can differ.

You can also look into opportunity zones- You're also on a time constraint there but you are allowed to withdraw your basis in the property tax free and only re invest your gain. But there there are some hoops to jump through to qualify for the tax benefits of the OZ.