Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
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...
Jarrod Joplin
1031 stocks proceeds into real estate
Can you take to proceeds from selling stock and 1031 into real estate? Anyone out there done this?
Kyle Stanley
Taxes owed on sale of a 1031 property in less than a year
Question for the 1031 QI’s and the CPA’s. We bought a STR in the Smokies in September 2022 using 1031 proceeds from sale of a LTR we owned for 2 years. It is draining me and we need to get rid of it. Our intent was ...
Takahito Torimoto
Questions on Section 121 Exclusion for Primary Residence and Capital Gains Tax
I understand that the Section 121 Exclusion for Primary Residence allows you to sell your Primary residence and not have to pay ANY capital gains taxes on the gains/proceeds - as long as you use those funds to purchas...
John Moksnes
Personal vs. Investment Property IRS Designation/Classification
I am looking to turn my personal property into an investment property and then 1031 exchange into a multi-family home. How long do I have to rent out the personal property (do I have to move out or purely rent a room?...
Jack Tucker
Sold for $700k. Original Costs: (Cash 100k + Loans 300k)... How much must I Buy?
I have a portfolio that I have owned for 3+ years. Selling for 700k.
Total purchase price that I paid was $400k.
Let's say that $100k is from "after-tax money" for down payment/rehab cash and the ...
Andrew J Palmer
Unique 1031 situation
I am trying to get some information for my Mother about 1031 exchange. I will try and explain the situation as best I can.My Grandmother passed away 5 years ago and left my mother and her three sisters a single family...
Rory Egelus
1031 Exchange Equity
Hi, I'm somewhat new to the game, and have a pretty simple question...I think. I have a rental property I have significant appreciation on that I'd like to sell and 1031 into a different rental property. I've read u...
Ronald Stanley
Can I really avoid capital gains tax with a self-directed IRA?
Hey family,I purchased a rental property in 2016 under my own name for $135,000. The home is now worth $225,000 and I plan to sell it in the next six months. My plan is to use the profit to pay off the mortgage on m...
Jeremiah Ramp
Opportunity Zones Benefits
Hello Bigger Pockets Community, I currently am looking at some properties in bend oregon that are in a designated opportunity zone area. The properties are a blank slate as there isnt much to them, but im looking for ...