If anyone is available to add some valuable knowledge and info that would be great.

It shows I gain $16,500 in my 401k at the cost of $8569 to the tax man.

Hey BP Community,We have a home that has been in the family and has not been declared as a rental for tax purposes due to various family members and friends living in it.It has come time to sell, and the question is whether or not we need a 1031 Exchange in order to avoid Capital Gains Tax?

Hey BP Community,We have a home that has been in the family and has not been declared as a rental for tax purposes due to various family members and friends living in it.It has come time to sell, and the question is whether or not we need a 1031 Exchange in order to avoid Capital Gains Tax?

I've been reading the forums and gaining insight from as many blogs, podcasts, and guides as I can.

Would anyone be able to let me gain access to the westchester mls for 1 hour or assist in finding comps for 3 bed 1 bath roughly 1000-1350 sq. ft. in the zipcode of 10701 with a price of $2400+ in a 3 family?

Then I could cashout refi and pay off the lot loan off assuming the cabin or barn is valuable enough.

I did have to pay commissions and closing costs of around $7,000, so my net gain from appreciation was $13,000. 

Is there another way we can or should be reporting his earnings with us so he can offset his capital gains with his other capital losses? 

How is this done in regards to short term capital gains, recording the deed?