Michael Batshon
1031 turning into a primary residence
Hi there,I currently own a 1 bedroom condo in the bay area and i am renting it out. The condo is worth about 820k and i want to sell it to buy a single family house about 20 miles away. I paid 560k for the condo in 20...
Bang Tran
2014 tax for flips
Hello everyone, I have a capital gains tax question. I purchased and flipped a house April 2014 and sold it in September for a profit. I turned around and bought another house in December and sold it in January 2015. ...
Michael Power
Investor vs Dealer - 1031 Exchange
Growing our RE business in the US certainly has its growing pains. In structuring our entities, (we function in Florida, Georgia and soon in Texas), we have been informed that, "...your company is a dealer in real es...
Mike Moran
Flip sale 1031 exchange?
Hi! I have a good understanding of the 1031 exchange but have this question. If I buy a property, rehab and sell it within a 3-6 month time frame, can i 1031 exchange that into a long term hold property? The specifi...
Graham Melvin
Fix and Flip Tax Business Strategy Question
Hello real estate investors community. My question is about how fix and flips are taxed. It seems like everyone talks about turning properties as quick as possible, however it's my understanding that if you turn it ...
Tam Le
1031 Exchange or Other Strategies
Hi,I am going to put my rental property on the market and am looking to take the equity from it to buy a new home (primary residence). Question is can I use the 1031 exchange for this or does the new home have to be ...
Neil Mammen
1031 Exchange to sell a newly built home and buy new property
Hi I'm building a new Single family residence on some land that I've owned. I want to be able to make sure that I can do a 1031 exchange on the property once it's completed. I've seen comments on doing the reverse (i....
Wendy Lavana
1031 Exchange Holding Period
Can anyone tell me what happens if I have to sell a property I purchased from a 1031 exchange before the 2 year holding period?
Michael Plaks
EXPLAINED: Tax strategy or an abusive position?
This post was prompted by a discussion of a specific STR-related tax strategy on another thread. But the concepts apply across a wide range of topics, so I'm posting my TED talk separately.
1. The annual nature of ta...
Nat C.
1031 exchange requirements
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...