1031 Exchange alternatives
I am working with a convenience store owner in NC who is planning to sell their store and relocate to New York. Are there any alternatives to the 1031 exchange he can utilize to prevent paying capital gains taxes?
1031 Investments options
Hi,I have 1031 with clock beginning to tick in couple weeks. Looking for 1031 friendly investments - commercial or residential. Would love to get thoughts on1. What are typical CAP / COC rates?2. States/ cities to... View more
1031 Reverse Exchange
Hey BP: I'm a little foggy on the step by step process of performing a 1031 reverse exchange, and I'd appreciate some feedback. Here's my situation: My sister and I will be joint-venturing to purchase a commercial... View more
1031 Exchange ideas needed
I am selling a triplex in Berkeley, CA and looking for ideas to avoid tax gain through 1031 exchange. Given how rough the multi-family market is in the Bay Area I am not ready to invest my proceeds into another... View more
How to move a 1031 Exchange Property ownership to an LLC
I recently sold an investment property and buying a restaurant building in exchange through 1031 . The relinquishing investment property was on my name which I bought many years ago. Now that the investment has grown... View more
Where to put my 1031 exchange money. What would you do?
I sold a highly depreciated SF Bay Area california duplex I have owned for more than 2 decades. I sold due to rent control and a bump in value but I hope I haven't made a mistake. About $48K in annual net income plus... View more
1031 Investment vs. 2nd/vacation home
I sold a property I owned for 4 years, during the last 2 years it was used as a vacation rental. I am using a 1031 to acquire a new property that will be used primarily as a vacation rental. For purposes of the new... View more
1031 LLC owned property into conventionally financed self-owned?
My wife and I just put our first rental property (condo) into our LLC with the expectation of finding and buying a new property to purchase with help from the proceeds from a 1031 exchange of the rental condo. We are... View more
Transferred title to my new LLC
I just moved my SFRs out of my name and into individual LLCs. For one property I want to do a 1031 exchange. Does my LLC have to hold the property for 366 days before I can do an exchange? I've own the property for 27... View more
1031 Exchange - Investment property in other countries
I figured I'd check with the pros on this one... Can you do a 1031 exchange when selling here in the states and buying in the Bahamas? Exploring all my options these days with the rising prices here in the states...... View more
Adding investor to LLC before 1031 exchange
I have an investor who wants co-invest with me on an upcoming 1031 exchange. Since my LLC currently holds title to the property, and the investor is not currently a member of the LLC (or the parent LLC), how does... View more
1031 Eligible? Being added as member of an LLC & selling property
Hello all,I'm in an unusual scenario and wanted to get some guidance from the BP community.My fiance is being added as a member of an LLC that owns a residential and a commercial property, both of which are in the... View more
New to 1031 Exchange
I am currently selling a rental property(just signed the offer) that I have had for about 6 years and just realized that the capital gains will probably be pretty steep so I may want to do a 1031 exchange. I originally... View more
How does a 1031 Exchange work?
Can someone please explain how a 1031 Exchange works?
1031 exchange and intent
I'm trying to start and grow my real estate portfolio. Right now I'm digging into a foreclosure and looking at exit strategies. I want to get cash out of it to finance the purchase of other properties. I am looking at... View more
Max out HELOC before sell then 1031?
Will maxing out HELOC before selling exiting property cause 1031 to be denied by IRS? HUD-1 only shows the amount used to pay off 1st mortgage and 2nd mortgage (HELOC) but not the data of fund drawing from... View more
Are “Last Minute” Exchanges Possible?
I saw this on a 1031 exchange company's website"At 1031 Exchange Place, many real estate investors contact our office just minutes before closing on their transaction and successfully convert a sale into a 1031... View more
1031 problem solving for more income
More advice would be appreciated. 8 paidoff townhomes (100k per unit) aren't pulling the income necessary, hoa fees are eating the owner's lunch, he cant self manage anymore, nor can he afford property management. ... View more
1031 for Partially Renovated Property
Hello, I purchased a distressed house with the intention of fixing it up. I've received some good offers on it before it's finished and am planning on selling. I purchased it in November of 2020. If I sell in... View more
1031 mixed use swap help
Sold a ranch (relinquished property) which was mixed-use (primary & business). We are trying to find information on how to identify if a replacement property will quality as a mixed use 1031. An example would be a... View more
Sec 121b5 exclusion loophole
I'm surprised after reading this article: https://www.accountingweb.com/...Basically, if you have rental (or primary -> rental) and turn to primary, and then sell the property after live there for two years, the... View more
1031 Exchange to Owner Occupied multi-family
I'm curious to know if it is possible to use a 1031 Exchange to go from a non-owner occupied multi-family to an owner occupied multi-family. Are there rules prohibiting that?
Partial Funds of Cap Gains for Opportunity Zone
I just recently sold my shares of a privately held company and looking to purchase property in Opportunity Zone with my gains. My question is can a partial amount of my capital gains be considered tax deferred or do... View more
1031 exchange refresher
Using Round numbers Selling condo without realtor for $444,000 bought it at $144,000, $44,000 improvements, no mortgage, lived in first 5 years, rental for last 29 years.1) In order to have zero tax liability on gains,... View more
Form 1099-S for 1031 exchange
Hi All, got a bit of a last-minute issue here.I'm closing on a number of properties over the next three days. The proceeds are being swept together into a 1031 exchange. My question is about how to complete the Form... View more