Deferring capital gains on rental

[Seth Bender]

When selling a rental what is the process of deferring capital gains?

My understanding is you set up a trust for the money to go into after sale and then keep it there until you purchase new property.

How much time do you have and is it state specific?

[Dave Foster]

@Seth Bender, The specific process must be managed by an unrelated 3rd party as @Bill B. said.  That is their only role in the process.  So while there are ways to hand grenade math your gain exposure your accountant is going to be the only one with that exact information.  Many title companies will have Intermediary companies associate with their underwriters.  Sometimes they use them because they're good.  Sometimes they use them because their underwriter requires it. Here's an article we keep updated for Bigger Pockets on fee average across the nation and some good things to look for - https://www.biggerpockets.com/...

There are several good QIs here on Bigger Pockets.  Check out their references in the reference section of their profile.  Talk to actual members who have used them and look for satisfied customers and longevity in the industry.