I remember hearing on the BP real estate podcast at some point Scott describing how selling an investment property after 5ish years and trading it in for a more expensive property was the right move financially. The ...
Hi gys -I am planning to sell my Investment Property that I bought in 2012. I'll do an example below just to understand the taxes payable.
Can someone with real experience relate if they really had to pay these taxes...
Does anyone understand the rules of a 1031 exchange?
Is it true the acquired property's purchase price must be higher than the net sales of the exchanged property?
If a property swap occurs of different...
I bought a rental property 7 years ago for $198000. Last year, I sold it for $400000. For the sake of simple discussion, let me ignore all purchasing and selling costs. So, my gain is 202000. Within one month of the s...
Hello,
My family will soon be selling the family business, roughly 3-4 million dollars is the estimated sale price. We hope to purchase/build residential rental properties with this money, we already own outright tw...
Hi all. Someone with a dozen highly appreciated homes and condos that wants to sell them all off and roll it into a large NNN commercial property, has the challenge of timing, as its hard to sell 12 properties at one ...
Sold properties looking to buy using 1031 clock ticking! I have heard if the well publicized Delaware statutory trust (don't love it but better than paying taxes).I was introduced to a less heard or Deferred Sale trus...
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...
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...