Ways to Avoid Taxes for Seller
I have an investor friend who would like to sell me his real estate, but he doesn't want to pay a ton in capital gains. Are there ways to avoid paying tons in capital gains legally? I know a little about seller financing and lease option buying, but not all of the tax details around those ways. Also are there ways to tie in 1031 exchanges for someone who wants to sell and get rid of their properties? Just curious to see what the options are.
He of course wants to be above board with everything legally. So just looking for viable options, nothing shady. Thanks!
Most Popular Reply
@Ethen Armstrong
The best advice would be to have your friend talk to his accountant. The accountant knows his situation more than anyone.
The accountant would be able to discuss options, some that you mentioned, such as 1031, QOF, seller financing, ec.
- Basit Siddiqi
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