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Updated about 7 years ago on . Most recent reply presented by

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No 1031 exchange! Strategies to save on Capital Gains?

Sandro DeAngelis
Posted

Hey everyone,

I am selling a property that I will be making a good chunk of change on. 

I will be slapped with huge capital gains.....

I DO NOT WANT TO DO A 1031 Exchange but want to either;

1)  Put it in some sort of education fund for my 3 kids?

2) Vanguard Index fund

Can the funds be used for either one of these without being taxed?  Do you have any ideas on what I can do?

Thanks so much!

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Dave Foster
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
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Dave Foster
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
Replied

@Sandro DeAngelis, Your options are limited.  Pay the tax and hope for offset losses or huge gains on the index fund.

If you're just tired of being a landlord and owning fixed asset real estate there are passive options that might work for you and are 1031 compliant so they would shelter the tax.

  • Dave Foster
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The 1031 Investor
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