Capital Gain Taxes -San Diego CA

[Felipe Guerra]

Hello BP panel,

I have a question about capital gain taxes -I recently sold my (3) multifamily properties, netting me about $500-$800k.

I started with the intention of conducting a 1031 exchange (still ongoing with escrow and exchange accommodator)

As I have not been able to find anything appealing in the current market (San Diego CA) I'm tempted in exploring the option of keeping my gains cash and look patiently for an opportunity.

However I'd have to pay taxes on my gains -could anyone recommend q strategy or an experienced CPA how can review my case to minimize tax payments.

Thank you in advance for your time -

Felipe

[Bill Exeter]

Hi @Felipe Guerra, 

I will send you a PM with some referrals to good CPAs in San Diego that know real estate and 1031 Exchanges.