I'm working on a deal structure and am curious to know if it's possible to get the benefits from an installment sale while still capturing the tax free gains from Sec. 121 ? The structure:
I want to sell my primary ...
I am selling a 2 family I had purchased with an FHA mortgage about 4 years ago. I lived in the property for 2 years but now its just an investment property. Am I able to still do a 1031 exchange when I sell it?
Hi all - 2 part question:Scenario: Property purchased for $200,000 and put into service as rental property. Ten years later, investor moves back into the property for a period of two years and sells for $300,000. He h...
HI All this is my first time posting in the BP forum!
I am moving from my 2-family house to a new single family house in a few months. The house was bought in 2016 for 600K and has appreicated to around 800K (based o...
How long do I need to rent out my townhouse in California before I can use it in a 1031 exchange?
I’m still in high school wanting to invest in the stock market long term, I was leaning towards Roth IRA.But I wanted to get some advice before I made the decision,
In need of help from a CPA or accountant that is familiar with the state of RI. I am about to 1031 exchange an investment property for another but I did live in this property 1 out of the last 5 years. Was wondering i...
I have a small apartment building worth 1.4 million and wonder if it's possible to do a 1031 exchange for, say, 4 houses for around the same dollar amount. Then sell each one after living in each for 2 years to avoid ...
Hello BP,I am planning on selling my primary residence in the near future which has plenty of equity built in. I understand that, as I plan on reinvesting the money, I need to use a 121 exchange to dodge the taxes. My...
Hello,Can someone please explain how I go about re investing money with a 1031 exchange? Do I need an attorney? And is there an opportunity to keep any of the money for myself tax free? Or do I need to put every penny...