

1,014,538
That would a question for your accountant
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Jessie Cochran
Panama City, FL
2,231,519
If capital gain taxes are high, the investor will benefit from utilizing the 1031 Exchange.
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Anthony Acosta - ALLAT...
Atlanta, GA
1,618,024
5,560,447
3,074,716
Glad to see you added a pic to your profile Minnette Olsen ! The first port of call for me as an investor would be to discuss it with my CPA. The agent should only be involved with the function of listing or finding a Buyer for the property. A QI - Qualified Intermediary - is also essential - unless things have changed since I last was involved with one of these...
4,322,295
4,434,277
1,658,008
1031 exchange (also called a like-kind exchange) is a swap of one investment asset for another. Benefits: no tax or limited tax due at the time of the exchange.
231,279
they must use a 1031 exchange expert. ( technically they dont) but being practical they do. the kicker is they can NEVER have control of the monies.IF they closed one deal in title and escrow and had the proceeds transferred to another opened escrow , that is technically all that is required. but it will raise eyebrows. and seldom does it work out that you could do that
3,386,608
By hiring a qualified intermediary to help them through the process of selling one home and identifying others where they can use their gain and delay paying taxes until the sale of the next investment property.
2,718,403
Keep your hard-earned money out of the greedy hands of the Federal Government.
5,204,299
921,504
HOW can they?
By hiring someone who knows and has done a few 1031s.
Why do a 1031 may require other professionals.
This tool is available for those investors in a very specific situation. The right answer requires more information.
6,770,326
I don't know much other than it may be a good may to avoid or delay capital gains.
Nice to see you have your picture up now!
1,269,349
Tax free deferred capital gain on investment property (
1031 tax code). You need to work thru 1031 company and title company same time and file a form with IRS. Nothing to it.
Minnette Olsen
You are the lone student post your photo on AR Profile from Utah school which is giving us discomforts. Your profile looks professional I think we can help you here. Most of the questions have been asked before so you look under block next to RESOURCES. Best wishes on your license studies.
1,157,847
They cannot take advantage in our great land unless they qualify to take advantage of it pursuant to another country's laws.
5,180,649
5,561,993
It may or not make sense. Check with an accountant to examine the possibilities. It can be a lifesaver!
1,466,257
1,642,229