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Hi everybody,
I am going to talk to my attorney and CPA before doing anything but I wanted to get other peoples opinion on what I can do before that point . I was living in the home for about 6 months and have turne...
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hi - wondering if there is an Equivalent to the 1031 exchange in Canada - or more spec in ONT?Can i defer my Cap Gains to some other item, purchase or method? Please say YES!!
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On Brandon’s post How to reach a Million Networth in 7/8 years (2012), Brandon mentioned in the comments an option once he really retired would be to sell his portfolio and do a 1031 exchange into a REIT. Would some p...
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I noticed on an older post that it is not easy to change QIs, but one commentor said it was possible. I am looking to change QIs because my 1031 Exchange shifted from a tranditional one to an improvement exchange. T...
Hello, about to sell my rental property which is not in an LLC and just in my name... Does this still qualify for a 1031 exchange as I am looking to hopefully upgrade into another property... Is there anything that s...
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Looking for info on anyones personal experiences with 1031 exchanges. Also anyone who can recommend a Qualified Intermediary in Los Angeles County. My property is in the South Bay area.
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Hi BP, close to two years ago I quit my full time job and started flipping houses full time. I have not yet encountered a tax year where I've had to work through and claim income for flipping, but that is coming up in...
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Hi there! Am looking to do a 1031 exchange from New York to Austin, as we love the area! We are looking to invest 450 to 500K (equal or higher value from our relinquished property). Our real estate agent showed us b...
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Does the seller credit I get on my closing statement in a 1031 exchange "reduce" the purchasing expenses or do I reduce the sales price (fmv). These tax softwares do not make it clear where to enter what.
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Hi- I'm been a RE investor for 15 years- mainly SFHs. I'm about to sell a condo and plan on my first 1031 exchange. Possibly to a large SFM vs quad. I'd like to make the process as seamless as possible. Any advice on ...