John Clark
Avoiding Capital Gains Tax and Reinvestment Options
Bottom Line Up Front: I would like to avoid capital gains tax and utilise the profit on my potential sale to reinvest in a property that I could cash flow on even with the concern in the market. Hi everyone. I need so...
Sean Curl
How to avoid the Capital Gains Tax
I bought my home for 251k in California and sold it for 458k 1.5yrs later. I understand that I'm going to have to pay capital gains tax. How can I avoid paying so much of that tax? Buy a new home?
Clayton Cox
Real Estate Commission Assignment to Avoid Taxes
I’m an engineer (full time, W2) and a real estate agent on the side (Schedule C). I have 20 rental properties (Schedule E) that currently carry a passive loss of 300k. I am purchasing another rental property and will...
Mark Miles
Avoiding transfer tax with transfer to LLC
I know a lot of people write on here about transferring title to an LLC after closing. I'm curious - is everyone paying the transfer tax when they do this? It's particularly onerous in Pennsylvania, which charges a tr...
Lynell Sonoda
Avoiding captial gains tax without 1031 exchange
Hi BP, I am in the beginning stages of selling my home. I do not have a replacement property right now but was wondering if there is a way to avoid paying captial gains tax without doing a 1031 exchange? Per my accoun...
Ted Swagerty
Tax strategies to avoid/mitigate capital gains
Hey folks! An older friend of mine would like to liquidate his four properties but he would like to avoid paying capital gains tax. I suggested that he and I form a LLC and slowly transfer his properties to our LLC. A...
Hamish Odiean Jr
Avoiding capital gains tax after ownership change?
Hello all,I have a property in Florida that I purchased and held for the last 5 years under my father's name as he lives in FL (for homestead exemption, etc.) while I live in NY. Long story short, my dad got ill and I...
Aaron Leger
Just sold flip, help me avoid tax
It’s a simple question. I just sold (closing in 2 weeks, all clear) a flip (single family). Can I take the proceeds and buy a multi unit and not pay tax or do I only avoid tax by buying another single.
Jennifer H.
Avoiding Capital Gains Tax on Residence Sale
Hi all, three quick questions.1) Just wondering if there anything, beyond the 250k exemption, my friend selling his residence can do to avoid the capital gains tax.He's in California, single and has lived in the home ...
Chas Morris
MORTGAGE OVER BASIS TAX PROBLEM
I have a client who has recently refinanced an apartment building that he has owned for 16 years. He is now interested in doing a 1031 Tax-Deferred Exchange. He was recently informed that he might be facing a mortga...