Karan Jhavar
Tax advice: Primary -> Rental -> Primary
I purchased a condo as primary residence, converted it into rental and now would like to make it my primary residence again for 2 years. Would I be able to claim the gain (minus depreciation), tax free?2012 - Purchase...
Aaron Millis
1041 exchange question here
Hi BP,So I know that the jist of the 1041 exchange is that you can keep deferring your capital gains tax when selling properties and buying new ones. I also know I've heard that if you live in a property for 2 of the ...
Dave Currence
renting out what was primary residence....1031?
The scenario is this....Purchased a condo in Manhattan in 2006, it served as our primary residence until October 2014.Since October 2014, we have been renting it out. Basic question is...at what point, if any, would t...
S Siler
1031 *plus* Section 21 $500k exemption on same property
Hi all. We're planning on selling a home that we used to live in. We can take the Section 21 tax exemption ($500k tax-free). But we'd also like to do a 1031 exchange. Now, I've talked to three (THREE!) accountants, an...
Ben Roberts
Self Directed HSA / IRA and Retirement planning
I just listened to the BP Podcast Ep. 49 with Amanda Han and caught a little nugget about investing using a self-directed HSA. After doing a little research (read: half an hour on Google) It seems that I can deposit ...
Matthew Belcher
sell rental, 1031 exch, purchase current primary home under LLC
Wondering if it is legal for tax/capital gains to do the following:Sell a current rental property in my portfolio (1031 exchange the profit), structure an LLC to purchase my current primary residence from myself (woul...
Raza Rizvi
Primary Residence that was rented for a year
Hello RE community, I had a question regarding the sale of my property. I lived in my primary residence but then welcomed a child last year so we rented it. It has been a year since the apartment was rented. I am plan...
Rahul Gupta
Primary property exception rule on 2 houses?
We bought our primary residence in 2018, lived there till Mid Dec 2020 and then converted that to Airbnb. We moved to a new state in mid Dec 2020 and bought our primary house there which we sold in January of this yea...
Angus Brooks
Tax Implications for Refinancing a Property in an LLC and Distributing Funds
Hey All- I own a small apartment complex in a two entity LLC and am wondering what the tax implications are for a cash out refinance. I have done a lot of these for my own portfolio, but am wondering if the tax impl...
Ross Ellington
Please help with some 1031 ?s
Good morning bp had sone questions on 1031. My first is can you use a1031 for primary residence to primary residence, would that be like kind? Or is it strictly investment? Can commercial be included? Also we know tha...