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1 May 2020 | 1 reply
I used to work in the residential treatment space.
29 November 2015 | 9 replies
The most common withholding exemptions are the sale of your primary residence if you qualify for the tax-free exclusion under Section 121, exchange of rental/investment property if you qualify for tax-deferred treatment under Section 1031, or if you are a corporation, partnership or other entity that is not disregarded for income tax purposes.
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17 January 2019 | 1 reply
Everywhere I have looked just talks about eliminating the capital gains on the original investment-but no discussion on the treatment of gains on the plan assets (which is what I really want to eliminate when I cash out, instead of having to roll into a 1031).Thoughts?
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25 February 2019 | 5 replies
Little summary about me, I’ve been in the water treatment industry for 4 years now for a municipality in westchester county.
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17 July 2021 | 3 replies
She has stage 4 cancer and I handle most things for her.
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9 October 2007 | 10 replies
If you just bought it to flip, it wouldn't be eligible for 1031 treatment.1031 does not eliminate taxes, just pospones them.avoid capital gains gouges.
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15 May 2020 | 68 replies
For all you Florida folks, take a moment and sign this petition and tell the Governor to reopen vacation rentals.https://www.change.org/p/ron-desantis-stop-the-unfair-treatment-of-vacation-rentals-not-fair-to-ban-only-one-industry-sector-especially-one-that-produces-31-plus-billion-for-the-state
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20 October 2017 | 50 replies
Through no fault of their own, the 2nd hand smoker, especially in the days when airlines were allowing smoking, can develop and have been proven to have higher incidence of cancer.The "empirical cost" was not paid at all by the Tobacco companies and in fact, developed propaganda campaigns to mislead the public.After the mounting evidence reached a certain point, taxes on Cigarettes skyrocketed, for at least 2 reasons. 1) to discourage the use of cigarettes so you DON'T have an increase of getting cancer and 2) to help pay for some of the empirical costs associated with the healthcare costs.In the case of Investors following the OP's strategy is one that I have personally seen time and time again.
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23 June 2017 | 9 replies
Properties acquired with the intent to rehab and then sell or "flip" do not qualify for this tax-free exclusion and do not qualify for 1031 Exchange treatment either.
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7 July 2017 | 13 replies
Property acquired for personal use such as a primary residence, second home or vacation home generally will not qualify for 1031 Exchange treatment unless changes are made to both your intent and the treatment of the property.