Robert Gailie
1031 exchange or tax deferring?
Hello all! I am going to sign contracts on my first flip on tuesday. We did well and made big profits and the experience was incredible. Now I want to avoid paying taxes if possible. Do any of you more experienced fli...
Mike Hanneman
Tax deferment on 2nd home
I was wondering if there are any tax deferments for selling of a 2nd home and using proceeds to lend to someone for an investment property. Do the standard tax deductions apply when selling a 2nd home? Can you roll th...
Gerald McPhail
1031 Tax Deferred Exchange Completed
I'm grateful to have completed another 1031 Exchange. I look forward to what's next.
Ciro LoCascio
1031 Reverse Tax deferred Questions
So here is my situation. I am in contract on a 3 family home for $815k which I will be getting a loan and will be required to put down 25%($204k). Now I have another property(2 family) that was own for about 30 years ...
Jenny Gremillion
Vacation Rental Duplex Tax deferment question
My husband and i (through our LLC) are under contract on a Beachfront lot in the pan handle of Florida. Plan is to build two townhomes connected to one another. We’re thinking about selling one immediately after build...
Tony Hoong
Defer Your Taxes Opportunity - Opportunity Zones
With the new tax reform it brought a new chance for us to defer our taxes with Opportunity Zones. With the Investing in Opportunity Act, it will allow investors to defer their taxes by re investing their money into an...
Sheridan Hitchens
Very Low risk tax deferred savings
I'm looking for an investment vehicle with little to no risk that doesn't generate taxable income until I want to cash it in some number of years in future. Obviously savings account might be 2.2%, but it continously ...
Steven Scheetz
Are Property Taxes Deferred in Probate?
My mother-in-law and her sister are likely to inherit a home in San Diego. According to her, the value on Zillow is about 1.2M. She also said that it is in good shape, but has not been updated for several years (I’m...
Gabriel Zepeda
Deferring Taxes for Real Estate Portfolio
Hello Everyone,
I know the 1031 exchange is used to defer the capital gains under the condition you use it to buy another home. Is there a tax strategy for using capital gains off the sale of a home to pay off other ...
Shannon Bae
1031 Tax Deferment possible for Primary?
We’ve been told by our real estate agent and by a lender that we can use the 1031 exchange for our primary, however, everything I’ve ever known about the 1031 is that it is ONLY for investment or business purpose, NOT...