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My daughter looked at a house and liked it tremendously. The
Hi My daughter looked at a house and liked it tremendously. The deadline to make an offer is tomorrow. I will need to gift her $100K for downpayment or I can do a 1031 on my investment property and re… read more
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We sold vacant land to buy another piece of property. After closing -yesterday- they said we needed to do a 1031 exchange to avoid paying capital gains. When I found this out I asked the closing compa… read more
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1031 Exchange question -1. Doing a like kind exchange, using a QI, all of the rules are met and no mortgages on the property given up or the one being purchased. 2. Property being sold for $ 125K. The… read more
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1031 Exchange question: Is it possible to do a partial 1031? In other words, if the existing investment prop is worth 1 million and owner wants to cash in and buy another investment property for 500K … read more
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I have a rental house that I purchased at an HOA foreclosure
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Kerry and were married and since was the only one working so
Kerry and Laura were married and since Laura was the only one working so the house 4403 Shoal Creek was purchased under just her name .The house was purchased for around $650,000. 4 years ago Kerry an… read more
JustLaw Esq.
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I have a 1031 question. My parents are selling their 4 unit
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I lent a $80,000. on his house. He didnt pay me the monthly
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We have 180 acres of land total. 120 acres are of a wildlife
We have 180 acres of land total. 120 acres are of a wildlife easement, 30 acres are cleared land, and an additional 30 acres have a turkey farm on it. Presently, it is all financed together on one loa… read more
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Considering a 1031 exchange: 1. the sale price of 695K means
Considering a 1031 exchange: 1. the sale price of 695K means i would have a capital gains of approximately 500K 2. the cash out of the deal would be approx 310K 3. not clear how this works. so one alt… read more
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I have a lot in a development in Denver, NC If I sell it do ...
I have a lot in a development in Denver, NC If I sell it do I have to pay taxes on the capitol gains or Do I have a certain amount of time to reinvest in real estate?… read more
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I bought an invesment property in Arizona with a 1031 ...
I bought an invesment property in Arizona with a 1031 exchange if it goes into foreclosure do I still owe taxes on the sale of the original investment.I put 60,000 down using the 1031 exchange i purch… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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