Sippy Hira
1031 Exchamge Question
Experienced investors- need some advice!So my husband and I are going to receive net proceeds from a REIT investment at the end of this year. The investment was a 173 unit apartment complex. To defer taxes, can I use ...
Michael Swan
RE MAKES LOWLY PAID TEACHER MULTIMILLIONAIRE!!!
I realized in February of 2011 that my ladder was leaning against the wrong financial building. Sooooo, I started to use my savings, refinancing my personal home, and taking out my IRA’s and 401K money through the cou...
Leland Dunn
1031 Exchange, then sell in one year?
We are in the process of a 1031 exchange. Sold an investment property for $285 (140k profit), buying another for $245k (pay capital gains on the 'boot).My Question is, can we hold this rental for a year then sell it f...
James Gilson
Tax implications of selling a rental property and buying primary residence
Good afternoon,I have a single-family home that I am looking to sell. It is paid off and I have owned it for 2.5 years. I want to sell it and use the money to buy a primary residence.I am wondering what the tax implic...
Maryann Goyn
tax filing on a failed 1031 crossing tax years
We sold a property july 13 and funds went to a QI as we hoped to do an like kind exchange. We Identified a replacement property August 27 which was day 45. The deal fell through abotu a week later after we had the in...
April Birdsong
1031 a Primary that is Paid for?
Can you do a 1031 on a primary that is paid for? I am a new investor looking at all of my options as I plan to purchase within next 3-6 months.Thanks for everyone's help with my questions. This is an amazing community...
Trago WAllace
Opportunity Zone Funds and BRRRR
I have been looking into Opportunity Zone Funds (OZF) to defer capital gains I made in December (plus make more long term capital gains without paying taxes). I have a decent grasp of how OZF works. What I am trying...
Jason Keledjian
How to avoid paying taxes on depreciation deductions
I have a rental I am interested in selling. This rental was originally my primary residence. I have been renting it for the past 6 years. I have, of course deducted the depreciation from it during that time.... abo...
Todd E.
Self Directed IRA investing to maximize use of my funds
My company has been purchased and the division that I am in will be sold through the divestiture. This will allow me to move my 401K into an SD-IRA, of which all the funds will be used to purchase SFR's, all-cash (no ...
Brian Ameyaw
Long-Term Capital Gains Tax
I currently have a seller that is interested in a cash offer for their property. Their only concern is, will they will be paying the long-term capital gains tax for the property after closing?The property is free and ...