Twenty years ago, I converted my primary residence into a rental property. From what I have read, by moving back to the rental, I can only exclude the proportion of time I lived there-ten years of the last 30 years ,...
Newton's law of tax:
What goes down must come up.
Everyone enjoys the sweet benefits of bonus depreciation, but what happens when you sell?
A post on recapture:
People are concerned about recapture when they cost...
I'm selling a property and I'll only owe approximately $4k in taxes on it. I spoke to a QI who quoted me around $1500 to do a 1031.I generally try to *legally* avoid giving the government tax money, whenever I can avo...
Are there any other benefits to a 1031 exchange other than tax?
Investors seeking to optimize their assets, defer taxes on large capital gains, and secure their financial future often explore various trust structures to achieve their objectives. Two popular options that have gaine...
For real estate investing is LLC better or a real estate investment trust or something else? Please advice. Also how do we defer any taxes on profits earned?
Both seasoned and new real estate investors have a powerful tool: the 1031 tax-deferred exchange. This strategy allows investors to defer capital gains taxes when they sell an investment property, provided they reinve...
What is and how do I use a 1031 document
Buying our first flip and was just told we need to have a 1031 exchange? Thoughts, please!
🤔 I was wondering if an investor can minimize capital gains by doing a cash out refinance before selling the property. Let’s say I have $100k equity in a rental. The property is worth $200k. I do a cash out refi and g...