I am considering selling a property that will have about a 60k gain and using a 1031 exchange to purchase another property for 110k. I will use personal funds from a Helock for the remaining 50k of the purchase plus ...
I completed a 1031 exchange in 2023. I understand that PA finally conforms to Fed IRC 1031 eff 1/1/2023. I'm filing my taxes using TurboTax and completed form 8824 for Fed purposes. When I get to PA taxes, I see the d...
My company has been purchased and the division that I am in will be sold through the divestiture. This will allow me to move my 401K into an SD-IRA, of which all the funds will be used to purchase SFR's, all-cash (no ...
I'm an agent in Utah working with a client, and if i remember right there is a way for my client to do the 1031 exchange and put it in a trust or like entity to make it so even after there passing and the children inh...
I have a 4xunit building in Minnesota selling for 240K, of which 106K goes to clear the bank, leaving 134K. Through a 1013 exchange, would it be possible to purchase a new property, for say,280K using the 134K plus 46...
Dear Bigger Pockets Friends,I have a self directed IRA from Pensco which was formed when i was a passive investor on a multifamily deal. Since then we sold the property but I have left the money in the IRA and would ...
Can depreciation taxes be avoided by performing a 1031 exchange?
Thank you,
Any experience with a deferred tax trust vs 1031?Interested in actual experiences for wealth protection. Thanks in advance.
Does anyone know if it's ok to do a 1031 exchange and use the money to jointly buy property with somebody else or does the owner have to be the same person and no one else?