Based on what I read, I believe that if I am selling an investment property for $1M, I need to by another investment property(1 or more ) totaling value $1M. Talking to a CPA, she says that you only need to buy next p...
I'm interested in doing a 1031 exchange out of a couple SFRs and plan to use 100% of the proceeds to purchase a 50% TIC interest in a larger commercial deal that will have a mortgage. The SFRs are free & clear. ...
There is an opportunity for a complete remodel to a commercial property with store front first floor and residential remaining floors. It is also located in an QOZ. I'm not familiar with the tax benefits, though I hav...
I have a sibling who is looking to sell two single-family rental properties but is concerned about the tax implications. Currently, he rents and needs a down payment to purchase a primary residence. We're exploring cr...
Thought I would post this to make it official and "hold my feet to the fire" or some other applicable cliche. I'm in the process of selling and 1031ing 350k of equity from another state and buying multi family in Jac...
Greetings Bigger Pockets friends...I purchased my Los Angeles single family home in 2012 as an investment as the market was at a low and figured it was now or never to jump into the market. I have been living in the h...
Does anyone know whether or not the gain from the sale of a home prior to 1997 that was rolled over to another home is taxable if sold today?
**************************************************************************...
Hi,My situation is:I have %50 Equity in a property worth 1M and would like to sell 2 properties which under different entities and buy the remain part of the property worth 1M, how differ the taxes this way on the p...
Can someone take the time to help me understand the 1031 tax exchange? Thank you ahead of time!
First off - I apologize for the duplicate post. I felt that this belonged in personal finance as much as it belonged in tax strategy. If it needs to be deleted by a moderator, I understand. I've found so much contradi...