Jack B.
Will I owe capital gains tax on this sale?
I have lived in my single family house for a little over 2 years. I rented the apartment above the garage out for 1 year. I was thinking of 1031 exchanging 20% of the proceeds from the sale (20% because that is how mu...
Patricia Galea
Can I 1031 exchange a duplex if I live in 1 unit (my tenant lives in the other)?
I built an ADU in LA and live in the front house. The former garage is now a single apartment and has been rented out to my tenant since 2021. the ADU is legal - was built with all the permits and has a CoO - and has...
Willie Holdman
What are the rules in paying no capitol gains tax for income below 41,675?
In 2022 I sold my home I lived in for over 2 years. I used half the home for business. I took the 250,000 deduction, and used the remaining profits on the home to do a 1031 exchange. I overlooked that I still owed a m...
Justin Skinner
Trying to understand tax situation, would love perspective
Hello!I am relocating to another state for a new job and am trying to decide if I want to sell my home and re-invest in something up here. Some final facts I need to make a decision are the tax implications, any help...
Michael S.
Selling Live-In Duplex Due To Relocation: 1031 Exchange, Taxes?
Hi,I'm looking to possibly sell my house in New Jersey due to an out of state job relocation. The house is a 2-family duplex that I live in as a personal residence while also renting out a unit. I have almost lived in...
April A.
1031 Exchange
The time is finally here. I am ready to sell my primary residence, a duplex and purchase 5 or more units. I am considering doing a 1031 Exchange but I was wondering if all of my equity has to be used towards the new p...
Dan Smith
Where to best sell cashflow from NNN commercial?
I am wanting to sell some very secure cashflow from NNN leased commercial property with BBB- or better national credit tenants. The property is not for sale, and I do NOT hold a note on it. I am looking to sell a port...
Trina Pugmire
1031 exchange? Sell triplex after only 6 months of owning it?
We purchased our triplex in April of this year for $260,000, we put $41,000 into it for the remodel. Our plan was to live in one unit (house hack) for 2-3 years and then rent out all three units for the cash flow aft...
Henley H.
Able to live in a new 1031 property?
I have a single property with two homes on it- I live in one and the other has consistently been rented for the past 6 years. Their have been occasions when both houses were rented and I did not live in either. If I ...
James Folsom
Taxes on BRRRR Cash-Out Refi?
Does anyone know if you have to pay taxes on the cash-out portion of a BRRRR property? I know that you pay taxes with capital gains on a flip. But wondering how taxes would work on a BRRRR property.I'll give a scena...