Also, some states do have a "transfer tax" as well.  

@Sigurd Panke You can wait until April 2021 to pay the tax as long as you have paid in the minimum amount of tax to avoid an underpayment penalty.  

(Not to say this is one of those)Option 2, sell the home on the open market, downsize them to a new home and so long as the net proceeds “profit” is less than $500k for a married couple, there is no capital gains tax as they have personal residence exemption.

When the city started implementing a supplemental tax a few years back she alerted me proactively since it affected my units there.If you plan to invest in the city I'd recommend taking her out for coffee as she's been there, and managing units there, for a while.On the middle school project in particular, the most recent update I have (from April of this year) is: Tai-O Group requests extension for middle school project.The part of that article which concerns me most has nothing to do with the middle school project actually, but the following:"[The developer] said the continued delays on the project are due in part to the high turnover of leadership in the city’s Planning Department since he first approached the city almost three years ago.

If you invest in a levered investment in a SDIRA, you'll probably generate Unrelated Debt Financed Income (UDFI) and incur an additional tax. A

You have a couple options.Spend the money on qualified education expenses (including grad school) - Tax Free and no feesSpend the money on other expenses (non-qualified) - Pay Income Tax as well as 10% feeTransfer the 529 to another beneficiary for their education - Yourself, another kid, nephew, niece, etc.Also, take a look at what the IRS considers qualified education expenses.

You'll avoid the timing issues of the 1031 and not really hurt yourself with tax.  As

The end result would be paying no additional tax as a result of the real estate investment.

Also, is the property tax a write off?

~jendayi B-Sao