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Updated almost 6 years ago on . Most recent reply presented by

Marcus Brown's profile image
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Marcus Brown
  • Investor
  • from Phoenix, AZ
  • Member since Mar 3, 2013
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Marcus Brown's profile image
Marcus Brown's profile image
Marcus Brown
  • Investor
  • from Phoenix, AZ
  • Member since Mar 3, 2013
Connect
Marcus Brown
  • Investor
  • Phoenix, AZ
29
Votes |
136
Posts
Tax, SDIRAs & Cost Segregation

Prospect is hesitant to sell due to taxes, looking for ideas?

Marcus Brown
  • Investor
  • Phoenix, AZ
Posted

Prospect is elderly and wants to sell his lot (he doesn't live on it) but hesitant because of the taxes he'd have to pay. Because of his age I doubt he'd be interested/able to 1031, and because he doesn't live on the lot he can't take the IRS capital gains exemption. What options, if any exist? His property is in Tennessee.

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