Folks,
I am looking for anyone who has done a reverse 1031. In this you buy the new property first, it is held under a SMLLC title by 1031 intermediary and then you sell the existing property.
This eliminates the r...
I was wondering if anyone knows a good place to find 1031 buyers? Also can a 1031 exchange be used to buy developed land?
I’m selling a property right now for a long-term capital gain of ~$55,000. Am I correct in understanding that my 2019 long-term capital gains will be 0% up to $39,375 and my standard deduction (single) of $12,200 mea...
Hello all,I have a large sum of money invested in a handful of Paintings. Is there a way that i could 1031 exchange my sale from my painting right into a property?? Seems like you should be able too but i haven't be...
I’m looking for some advice about 1031 exchanges. My grandfather in Massachusetts is going to sell his house to take advantage of the tax break he gets since he lost his spouse (my grandmother). He’s 89 years old and ...
Hello BP community!!I’ve been reading into the 1031 exchange and was curious about a requirement someone was trying to explain to me.I was told if you complete a 1031 exchange you must rent out the property for xx amo...
Hello BP community!!I’ve been reading into the 1031 exchange and was curious about a requirement someone was trying to explain to me.I was told if you complete a 1031 exchange you must rent out the property for xx amo...
I have an upcoming property sale and I was planning to do a 1031 exchange with it.The property being sold was a development project, which I was never able to finish. The property has never been rented during my cours...
Hi, I'm somewhat new to the game, and have a pretty simple question...I think. I have a rental property I have significant appreciation on that I'd like to sell and 1031 into a different rental property. I've read u...
I am new to 1031 exchanges. Are the proceeds that are required to be held in a trust after the property is sold equal the sale price less the existing mortgage balance? Or is only capital gain required to be held i...