Do I still have time to start an exchange with a qualified intermediary or am I better off just paying the taxes?

Understanding and taking advantage of the variety of tax credits boosts the return on your property and allows you to be part of the move to conserve our nation’s historic treasures.When rehabilitating or investing in the rehabilitation of an eligible historic or non-historic building, you may be able to take advantage of one or both of the historic tax credits: 1) Historic Tax Incentives and 2) Historic Preservation Tax CreditsYou can receive a federal income tax credit equal to 20% of the costs associated with rehabilitating the building.

I am certain that there are many opportunities to consider on tax and business structure before buying so curious what some experiences have been.

You found the deal, they bring the expertise, the network, and the lender.

Asset class conversion creates an opportunity for Massive value-add, creating enough value for a cashout refi, allowing for millions to be taken out without a sale, which means no Capital Gain, which means no taxes.

Need help on how to obtain records from 2020 showing his old tax lien was released.

Just wondering if newly weds can still qualify for the exemption and if my wife not being a citizen will hinder any capital gains tax exemption qualifications.

You will have to pay up the property taxes.

My questions are: Are they any implications (tax or otherwise) to my friend or the LLC?

@Anx Carter Your safest bet is to have your CPA/tax professional determine the land value.