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30 August 2024 | 15 replies
I am slowly building my people around me and gaining knowledge daily.
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30 August 2024 | 13 replies
To make matters worse, the IRS will recapture all of the cost-seg stuff that lowered your basis, which means you will be taxed on a significant gain, even though you lost money.
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29 August 2024 | 13 replies
It makes sense to harvest that gain, then repeat the process on the next investment.
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29 August 2024 | 6 replies
This allows you to defer all of your capital gains through a 1031 exchange.Additionally, it’s important to keep in mind that the exchange must be like-kind.
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31 August 2024 | 16 replies
I understand that how you structure your business could benefit from tax strategy, but how many ways can you buy or sell a property to avoid capitol gains, etc, unless you're doing a 1031 exchange?
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29 August 2024 | 6 replies
Greg Scott is correct, you will have to pay capital gains tax on any monies you take possession of.
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26 August 2024 | 6 replies
So, this is putting him in the position to have to look at the possibility of doing a 1031 exchange on the 2.5 - 3.0 million that would otherwise be taxed at capital gain rates (he wants to avoid paying Uncle Sam at all costs).
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29 August 2024 | 3 replies
Anyone buying property right now I would recommend the hold be 5 years to break even and 10+ years to see the significant gains.
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29 August 2024 | 3 replies
If you plan to close the LLC in 2024 or 2025 and transfer the DST interests to the individual partners, this transfer could potentially trigger taxable events.Distributing the DST interests to the partners might be treated as a sale or distribution, which could invalidate the 1031 exchange and result in capital gains taxes.
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28 August 2024 | 6 replies
When did you enter, what type of property, what is the goal, where would you place the gains, what are taxable events associated with the exit, and more.