Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
1031 and Quit Claim Question
I did a 1031 last year from rental to rental to defer taxes and to invest in a better location. Based on TurboTax, if I sell, I owe about $40k due to depreciation recapture. Hypothetical: what if I quit claim it to a relative and they live in it, then they put me as the inheritor? Am I responsible for any taxes when they pass away?