All Forum Posts by: Chris E.

Welcome to BP!

Make sure to check out all the info under the "Learn" tab on top, especially the podcasts which I think are the best part there.

Welcome to BP! 

Make sure to check out all the podcasts, great for the long commutes!

Welcome to BP, make sure to check all the info under the "Learn" tab, especially the podcasts.

Welcome to BP, there is a lot really good info under the "Learn" tab.

Welcome to BP!

My undertanding (IANAL nor a cpa):

1) Sell price 2.7 - 750k (what you paid for ?) + depreciation you took over the years = amount you need to reinvest in order to avoid all taxes.

2) Current mortgage of 1.4M = amount of mortgage to carry forward.

So the amount from 1) might be 2.2M and the amount from 2) says that the 2.2M must include 1.4M of mortgage.

Anything less than that is considered boot and is taxable. Whether you have reinvested all the cash or not is irrelevant.

Welcome to BP,

make sure to check out the podcasts, I think it's the best things here.

Welcome to BP @Christina Hogan,

if you want to learn, you can start by listening to all the podcasts under the "Learn" tab, tons of info in there.

Welcome to BP @John Weathers,

you should listen to all the podcasts under the "Learn" tab, tons of info in there.

Hi @Karyn Brown, welomce to BP. We're also about to sell our OC condo and move the money out of state.

This is  great site with tons of resources, especially the podcasts.