What creative strategies have any of you used to minimize taxes in these quick buy/sell scenarios?
I just heard of opportunity zones. What is it ?
Hey everyone,I am selling a property that I will be making a good chunk of change on. I will be slapped with huge capital gains.....I DO NOT WANT TO DO A 1031 Exchange but want to either;1) Put it in some sort of ed...
Is anyone utilizing this for the 2018 tax year? I cashed out my 401k and my husband cashed out 50% of his annuity in April of 2018. We bought a mixed portfolio 8 units (bought 4 properties on same note) in May. Is thi...
Purchase price $600k
Rehab: $100k
Sale price $800k
Gain: $100K
Is it possible to take the $100k Gain & buy a $100K property cash w/ 1031 exchange?
In order to do a 1031 exchange do you have to reinvest the total amount that you sold your property for?
Hello all,
Reading through the forums and am learning a lot. Seeing if anybody has any out of the box advice
Bought my first house 12 years ago for $398k, fixed it up and sold it last year for 1.225 mil. It was my...
Hey BP,I have a large stock position that I sold and was told it is not able to be a 1031. I have a MF deal under contract and would like to add it in as a down payment. Are there any ways I can do a tax deferral roll...
Can I build a spec home and use a 1031 exchange on the profit from the sale of the spec home to pay off the mortgage of an investment property I already own?
Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide.The progra...