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I am wanting to sell my poultry farm for 995,00 it includes
I am wanting to sell my poultry farm for 995,00 it includes property, house, and poultry houses in Alabama. I want to reinvest in some timberland worth about 130k to 150k. … read more
Robin D.
Robin D.
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Brother and sister own a single family home 50/50. Brother
Brother and sister own a single family home 50/50. Brother lives in home as primary residence paying rent to sister. They decide to sell home; sister qualifies for 1031 exchange; brother qualifies for… read more
LEV
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Can an estate qualify for an 1031 exchange to save on
Can an estate qualify for an 1031 exchange to save on capital gains tax? The estate of which I am the representative, recently sold its property for a significant profit in Washington DC. As the repre… read more
LEV
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1031 Exchange: Taxpayer plan to divorce. They both agree to
1031 Exchange:Taxpayer plan to divorce. They both agree to split commercial real estate 50 and 50. This property is under his soon to be Ex wife name only. If the divorce settlement split this 50 and … read more
LEV
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I sold a house 50 % Business Use & 50% personal use, ( two
I sold a house 50 % Business Use & 50% personal use, ( two family house) I bought the house on 2001 for 300 sold for 700, during the 45 days Y bought two property one 2 family rental property 100% bus… read more
LEV
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A property held in an LLC, which has 4 equal members is
a property held in an LLC, which has 4 equal members is being sold. The llc is setup as a disregarded entity for tax purposes. Can one member with his 25% of the gains, do a 1031 exchange? or does all… read more
Robin D.
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re: 1031 exchange. $800k sales price $260 loans. $600K tax
re: 1031 exchange. $800k sales price $260 loans. $600K tax basis. $200K Long cap gains. Taxable income $25000. Live in CA. married joint. I could do a construction 1031 exchange for $450,000 total pur… read more
LEV
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I am doing a rental real estate 1031 exchange. I sold my old
I am doing a rental real estate 1031 exchange. I sold my old property for $1,000,000 and would like to buy a new property at $925,000. My net proceeds are being held by a 3rd party accomodator. I will… read more
LEV
LEV
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I have capital gains to reinvest from a rental property. If
I have capital gains to reinvest from a rental property. If I were to buy a property that needs major repairs, is there a way to make the repairs with the capital gains money.… read more
LEV
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I was getting rent on farm ground from an estate. The estate
I was getting rent on farm ground from an estate. The estate sold and I will inherit some money from it. Can I avoid capital gains tax by investing that money in rental property?… read more
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TAX question: Lets say you buy an investment property for
TAX question: Let's say you buy an investment property for $1M, $500k of which is from the sale of a previous investment property pursuant to a 1031 exchange. Then let's say you sell that property for… read more
LEV
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I am planning to sell a gas station business I own, but wanted
I am planning to sell a gas station business I own, but wanted to keep the property in my name and collect rent. The buyer would like to pay 50% down and have a 10 year carry back note to make install… read more
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Hello, I have some questions about 1031 exchange. I just sold
Hello, I have some questions about 1031 exchange. I just sold my investment property and I want to purchase a co-op which is also for investment purpose. I was told that I will be qualify for 1031 exc… read more
LEV
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We sold a piece of property under eminent domain and have purchased
We sold a piece of property under eminent domain and have purchased 3 investment properties so far from the money. Is any of the money "exempt" from a capital gains status. We are trying to loan a par… read more
LEV
LEV
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Just sold my home in the UK, which wasnt deemed as my primary
Just sold my home in the UK, which wasnt deemed as my primary residence here in the US. I havent lived there for 3 of last 5 years. Therefore I have to pay capital gains on the profit. If I reinvest t… read more
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Sold 100% of company - Stock Sale - C Corp.what tax ...
Sold 100% of company - Stock Sale - C Corp. what tax advantages do I have that will help reduce my capital gains taxes… read more
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If I sell my business, after one year, with a capital ...
If I sell my business, after one year, with a capital gain. Is there any way to avoid the 15% capital gain tax? RE-INVEST IN ANOTHER BUSINESS?… read more
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LEV
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I bought a house in CA in 7/05 at $460,000, bank loan was ...
I bought a house in CA in 7/05 at $460,000, bank loan was $400,000, down paymmet and cost of buy was $50,000. I spend additional $10,000 to upgrate. I sole this house in 9/05 at $570,000. After duduct… read more
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Jon Andrews
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