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Results (10000)
Brendan Hallissey Using 1031 exchange and 121 exclusion to minimize tax
4 March 2018 | 3 replies

I currently have an investment property I'm considering selling. I purchased for 250k several years ago and have received unsolicited offers of up to 400k. I am considering selling to lock in my gain and using a 1031 ...

John Richards taxes - selling income property, lived in for several years
7 March 2020 | 1 reply

Hello everyone,I am 59 years old and I am selling an out-of-state (NV) residential income property that was originally my primary residence and I am wondering about what I can do to lessen the tax hit.I originally pur...

Phil DuChamp Looking to from LLC's
26 February 2017 | 3 replies

I'm looking to put a mortgaged property into an LLC via quit claim deed, I'd also like to form one to be invested in by a SDIRA.Does anyone have any recommendations? 

Chris Oswald How is rental and flip income taxed
21 January 2016 | 4 replies

Before I start I will definitely be talking to a CPA about this, just want to make sure I am not going into the conversation blind and have good questions to ask.To start with everything will be run through an LLC and...

Max M. Closing costs on sale of rental (cap gains exempt)
30 April 2024 | 4 replies

Good morning,I'm selling a rental property which is excluded from capital gains tax under the primary residence exemption. We have substantial closing costs on the sale, primarily transfer tax and realtors' commission...

Melanie Carter Is debt paydown taxed in a 1031 exchange
13 April 2022 | 3 replies

I thought I had deferred all my taxes in a 1031 exchange this year, but am surprised by some news from my accountant today and want to get some perspective from all of you:
I sold a group of 3 rental properties this ...

Jorge Vazquez Look no further than the 1031
19 August 2023 | 3 replies

Hey there! Are you ready to unlock the full financial potential of your real estate investments? Look no further than the 1031 exchange rule! This powerful tool in the federal tax code can help you increase your wealt...

JJ O. [1031 exchange into TIC] Cost basis and Depreciation
13 April 2021 | 5 replies

First off, thanks to everyone for contributing.  I've learned just about everything I know about real estate on BiggerPockets.My situation:  I'm trying to help my parents use a 1031 exchange to defer ~1.2M capital gai...

Elaine Hester First time 1031, looking for advice
3 January 2018 | 7 replies

Hi! We are new to investing and BP and jumped in head first and went pro—that's how I roll. HA ;DBrief Background:We have a 2BR SF Bay Area condo that we'd like to 1031 in 2018 when our current tenant's lease is up at...

Corey Dutton Deduct Capital Gains Tax from Your Real Estate Profits
17 November 2015 | 1 reply

Capital gains taxes can take a huge bite out of a real estate investor’s profits on the sale of an investment property. This is because an individual, who has capital gains income, is subject to both federal and state...