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Tax, SDIRAs & Cost Segregation

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Tyler Burlison
Pro Member
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What to do with gains from rehab/flip

Tyler Burlison
Pro Member
Posted Jan 13 2024, 11:57

Hi everyone,

From what I understand about short-term real estate gains, a way to avoid them is to buy another and do a 1031. Are there other ways to shelter the gains from tax? The amount will be between $30-40k in gains. Would it be possible to open a self-directed IRA for funding deals in the future and not have to pay taxes if I put it in an IRA, assuming I could put the entire amount in it? Just wondering if there are any other options besides having to buy another property.

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