If I were to rollover 600k into a 1031 exchange (to build mor condos), and take 200k out and use it as a downpayment on a small apartment complex, would iI have to pay capital gains on the 200k since its not a 1031 exchange (not simalar investment)?

If I rent it out longer than 3 years then I have to pay tax on 400k current price capital gains since I bought the house dirt cheap from my grandparents.

Married couples can exclude gains up to $500K on a property they've lived in for two of the last five years.But, as Chops says, it can be a challenge.

Hello everyone, I'm an extreme novice and am here to gain as much information as possible.I'm two years out of college and own a residential painting company (I'm scared of a real job).

As much as I hated spending my summers working on the houses the experience I gained was something you couldn't pay for.I graduated from Virginia Tech in May 2003 and lived at home for the summer while I started my full time career as an IT Consultant.

Am I correct in my understanding that Mobil homes are not considered real-estate so they wouldn't be subject to capital gains?

Philadelphia had aLOT of luck on their side to get to the playoffs, and are constantly in the position of "We need them to lose, so we can gain."

Because the money is currently in real estate, if I re-invest the sum immediately after getting it into real estate using a 1031 exchange, long term capital gains will be deferred.

We were going to purchase it as our primary residence and rehab it, because of the somewhat blank canvas we would have to work with and also to gain rehab experience.

I know it will be a Short Term Capital Gain.