I'm feeling very nervous about trying to complete a 1031 exchange for a property in San Diego county which has not yet closed. I was planning to buy some much less expensive duplexes in my home town in Wisconsin and ...
Hi - I have been renting my property for about 18 months so I am kind of new to this. I am looking for some guidence if it is a good idea to take my rental property’s depreciation for filing taxes? From some reading I...
I am selling a rental home that I own 50% of in Northern Kentucky (just south of Cincinnati). I want to execute a 1031 exchange for a rental home in Chattanooga. I have read about them online, but am looking for parti...
Investment Info:
Townhouse buy & hold investment.
Purchase price: $180,000
Cash invested: $36,000
Owner approach me to purchase other half of Townhouse.
What made you interested in inve...
I’m selling a rental investment property I solely own (Property 1). I would like to avoid (uhmm...defer) capital gains tax by investing profits in another rental investment I own (Property 2)...basically reduce princi...
Can anyone tell me what happens if I have to sell a property I purchased from a 1031 exchange before the 2 year holding period?
If you are using proceeds from a 1031 exchange and Tthe property falls out of contract after 45 days (for example you find the foundation is bad on the inspection, or too costly of repairs, etc.), is there any provisi...
I wanted to confirm my understanding on 1031 exchanges. Sale Price $350,000Cost basis $150,000Equity $200,000Now I only need to reinvest my $200,000 equity. Correct?Buy $200,0000+ propertyPut $50,000 down, finance $15...
I am under contract to sell one of my rentals which I need to 1031 exchange into a property for over 700K. The problem I am having is that most my properties are vacation rentals and despite the fact that they all gen...
Hi Everyone,
I own an investment property that I am considering selling for around 200K (bought it for 150 4 years ago)
In the next 6 months I plan to also buy a primary residence first and after that two addition...