Neil Smith
Deferring taxes on profits from sale of primary residence?
I have a potential client who owns a home in Boulder that is their primary residence and it worth ~$1.3M and they have >$500K of equity in the property. They're wondering if they sell and put all of the proceeds of...
Tony Baczynski
What to do with $1,000,000 in tax deferred cash?
OK, I read the "What to do with $910,000 in cash?" thread, but his money is stuck in a 401(k) which limits his options. Mine is in my own profit sharing plan or mini-401(k) as it's sometimes known. I can invest in a...
Neil Smith
Deferring taxes on profits from sale of primary residence?
I have a potential client who owns a home in Boulder that is their primary residence and it worth ~$1.3M and they have >$500K of equity in the property. They're wondering if they sell and put all of the proceeds of...
The clock is ticking to tax day, and you could be stuck with a big tax bill. Thankfully, if you own real estate, reducing your taxes is easy. Don’t know which write-offs to take? We brought CPA and real estate investo...
Kyle Smith
Missed my 1031 window, any other way to defer taxes?
I missed my opportunity for reinvestment of funds using 1031X (couldn't find a suitable property) and now I'm facing a $60k hit for the sale. I'm in Oregon so the tax bill will be too much to stomach.Any other options...
Nate Richards
Creative options on 10 pack of homes to defer taxes
Hi Guys,
A retiree couple I know is interested in selling their portfolio, and asked if I know of a mutually beneficial proposal for selling their property. Here are the basics on the portfolio;
(10) SFR properties,...
Tanya McKinney
Capital Gains Taxes How to defer or is it possible?
For a lack of a better way of asking, what is the best way to avoid / delay the capital gains tax from the sale of a flip house? When I spoke to my accountant she said that the 1031 was used as stated for an exchange...
John Chapman
Reporting of Sold Property in a 1031 tax deferred exchange
I did a 1031 tax deferred exchange in 2018. I sold three properties which closed on 11/1/2018 and I closed on the purchased property on 11/13/2018. I completed form 8824 and have documented the adjusted basis for the...
Hector Sapinoso
Tax impact of building up reserves for capex/deferred maintenance
Hi BP,I recently had some questions about estimating for capex (link below), and that got me thinking about taxes. If you add in a certain expense on your P&L for building up capex or deferred maintenance reserves...
Erik Bunch
Does reinvesting crypto gains in OZ defer capital gains tax?
I was wondering if anyone had info on reinvesting crypto profits to avoid capital gains tax. Can you buy real estate in opportunity zones to defer gains tax? Thanks!