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10-31/UBO/TIC Additional Options
Hi! I am relatively new to this world and I am looking for some advice/recommendations. My grandfather owns a property in Virginia that we are in the process of selling. My grandfather is in his 90's and we are trying to find creative ways to help him with the Capital Gains Taxes he will be hit with after the sale. The option that continues to stick out is the 10-31 Exchange or possibly a Tenancy in Common or an Unincorporated Business Trust. The total amount is not staggering (approximately 150k). Any advice/recommendations or different options would be greatly appreciated. Thanks!