Does replacement property have to be "held" long term or can you improve the property and do another exchange "equal or better" ? Isn't the intent of the law to continue your investment and therefore you are merely ...
I currently have a rental property with substantial assets gains. Since I will hopefully be retiring within 2-3 years, how can I avoid potential tax consequences? Can I opt to make it a primary residence?
A landlord wants to sell her single family home to me on Seller Financing. However she wants to 1031 in a few years into a 55+ condo community. Would this solution work?1. She seller finances to me this year with a...
Looking into flipping houses with a buddy, but wondering how everyone goes about not paying a capital gains tax after the flip? I am also getting into rental properties and wondering if it makes sense to put it into a...
FAS 143 and FIN 47, from the Financial Accounting Standards Board (FASB) implemented a provision in 2005 that requires companies to recognize the future expenses of environmental cleanup of facilities (even if leased...
Hi all,I have not yet gotten my first property. My plan is to do some type of house hack. I’ve listened to a LOT of the podcast and obviously done other research, but it seems like they never really say anything about...
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?
Good Afternoon,I am trying to figure out the best way for an investor who has been renting out a property for 4-5 years to defer his taxes from the proceeds when he sells it this year. I have heard of a self directed...