Shane Chiasson
Need old iron sewage pipe replaced West Fort Worth
Looking for a plumber with creative solutions. I have an older home that has a leaking iron sewage pipe under the foundation. Had a company come out and said they need to tunnel under the house to replace the main s...
Moshe S.
1031 my portion or total sales price
In a 1031 exchange, does the replacement property need to be more valuable than the total sale price of the deal I sold (including other investors), or just my individual portion of the investment?
Here’s why I’m ask...
Steve Hungerford
Can I do a 1031 with the capital gains portion of the Sale......
Hello,I have a property with a lot of capital gains that I wanted to use some of the basis portion (basis plus the 250K exclusion) to buy a SFR. If so how do I do that ? Can I use the amount I believe is the capital g...
Kurt Zarwell
Cost basis of owner-occupied duplex with improvements
Hello, I am trying to confirm how the IRS requires me to calculate the cost basis of an owner-occupied duplex for calculating my capital gains. I think I know the answer, but I am also hoping I am wrong because it doe...
Josh Klauber
Fortunate to be starting out with $, seeking advice
First time posting, appreciate everyone’s time I will soon be selling my warehouse (and likely my company) for a substantial amount of money. I am fully convinced that real estate is where I want to put my money but a...
Christopher Ferrouge
Q: Owners of occupied triplex seek acreage out-of-state via 1031
Hello Fin-savvy friends! I'll keep this concise because it's complicated (I don't understand it... questions below). Circumstance: Wife and I live in 1 of 3 units within an Oakland CA triplex purchased in 2010. We w...
Tim Turner
1031 Exchange into Mixed-Use Property?
We will receive a net gain of $250,000 from the sale of a relinquished investment property and the funds will be held by a QI. We want to purchase a mixed-use replacement property for $750,000--a home with a detached ...
JP Krueger
Question: 1031 exchange
Can you like-kind exchange a 3 family the owner is living in to a 2 family that the owner will live in?
Jason V.
Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...
Daniel Antonetti
1031 in a duplex that I live in
I know that 1031 exchanges are only for investment properties, and that you don't have to pay capitol gains on the first $250000 for your primary residence (if you're single).So if I have lived in a duplex and rent ou...