Section 469(c)(7) provides an exception that allows qualifying taxpayers to treat rental real estate activities as nonpassive, enabling them to deduct losses against other types of income.

I am looking for any tools or tips to get started, I have been in vehicles sales for over ten years and was a mortgage banker at Rocket Mortgage for 3 years before coming back to manage the dealership I started my career at.

nice job I grew up flipping land I love that play still fund land flippers to this day is a niche of lending that I have carved out.. 

How long will it take to complete our return?

@Kim TranI would reach out to @Dave Foster for anything to do with 1031s.Gino

Initially I was planning to withdraw Roth IRA $ to invest. 

@Jake Hughes A 1031 exchange is a great way to indefinitely defer all of the capital gains taxes, and gain access to that tax to use over time for your own benefit.

I am now in a position where I am trying to get a HELOC on the sf to make the repairs but the real estate taxes that were passed on to me are on a payment agreement.

Quote from @Alexis Herrera: Hello, I have a home in Miami that someone is willing to sell. 

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.