If 1031 is to be implemented it must be done on the property level.2. 1031 generally does not apply to IRAs since they are tax-exempt. 3.

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

Thats $7700 a year NOT including my accountant/Tax prep. 

@Drake BackmanBigger Pockets is a great place to find a tax strategist specializing in real estate taxation.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding a tax  strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.

I would search the BP forums because your tax / legal related questions likely have already been asked.However, it doesn't hurt to still ask the forum what your questions are.

You can collect rent, do your banking (unlimited virtual accounts), and do your accounting.

For tax purposes, rental income is generally recognized in the year you receive it, not when it is paid.

Home went to tax sale county kept excess proceeds.

My question is do I have to recapture all the depreciation for tax in 2025?

It’s definitely smart to evaluate the tax and cost implications of your funding options.