Any landlords or investors know of ways you can defer taxes on real estate profits?
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 ...
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...
Hi all,I've read snippets in BP books and on these forums but would appreciate some more information. How is it possible to invest in real estate using money in tax deferred accounts? I have an i401k and all the money...
Three months ago, I posted on the forum a question concerning finding the best 1031 Exchange company. I just completed the transaction with IPX1031 - Investment Property Exchange Services, Inc., Chicago Illinois. In r...
Scenario:Inherited a singe family home 12 years ago (owned equally between 3 parties). One of those years it was rented to a tenant (8 years ago). All other years the house was simply a mountain getaway for the family...
Want to capture the capital gain on your property and defer it? Let’s discuss the DST strategy. Once set up, it seems quite simple. You can keep money invested in the trust, without tax, and only pay deferred tax on w...
Hello BP,I am in need of any advice that can be given regarding spending less money from my proceeds to the IRS. I have a double closing scheduled just before the new year. I would rather not see my profits taken so I...
I am looking at a house package, but the seller is not planning to 1031. I would like to offer options to defer tax because he's retiring in about 2 years, but getting out from under his loan is his priority to be mor...
I'm planning on retiring in 4-5 years. Any additional income now will push me into the next tax bracket. I am thinking about getting into buying and holding rentals, and possibly syndications that will mature in 5 yea...