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I bought a rental one year ago starting November. I want to
I bought a rental one year ago starting November. I want to sell it, as we need money. Eventually I could do a 1031 exchange to avoid paying taxes on profits, but how long do I have to do an exchange?… read more
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I am being gifted a house by my uncle. It is located in
I am being gifted a house by my uncle. It is located in another state and I would like to sell it and purchase a home in my state to rent out. How can I avoid paying taxes on the sale? … read more
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Lev, you helped me back in March with a section 1031
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I have a real estate question. We have a rental property we
I have a real estate question. We have a rental property we are selling and also just bought a business property the beginning of May. We borrowed money from a relative to buy the business property. W… read more
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My wife and I formed an LLC in 2009 and bought a residential
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I wanted to do a 1031 exchange on a 128,000 value condo that
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For a 1031 exchange property, could the proceed be used in a
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I sold my home and trying to do 1031 exchange with another
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A person is considering investing in vacation rental
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I bought a house for $169,000. I put $50,000 of improvements
I bought a house for $169,000. I put $50,000 of improvements into it. I then converted it to a rental 8 years after purchase at a basis of $400,000. I put another $30,000 into the house and used doubl… read more
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Using 1031, selling our rental at $625,000, do we have to
Using 1031, selling our rental at $625,000, do we have to use the total amount to purchase another rental home or can we use a portion of that amount. I paid $284,000 originally. Thank you, ***** ****… read more
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what IRS Code section applies to the trades of real property?
what IRS Code section applies to the trades of real property? What should I look out for specifically in trading a 100% rental house for a self-service coin coin operated car wash? Thanks, XXXXX XXXXX… read more
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I am selling a rental property in NYC for 200,000. I bought
I am selling a rental property in NYC for 200,000. I bought from my parent for 30k several years ago, whom originally inherited at a basis of 70k. My parent did not claim the 40k loss since it was a f… read more
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Basis for new property acquired via a 1031exchange. Property 6 was sold after owning 24 years. Depreciation was accelerated over 19 yrs and was fully depreciated at sale. Depreciation was $48, 875.40.… read more
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