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Tax, SDIRAs & Cost Segregation

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Richard Lima
  • Real Estate Agent
  • Boston, MA
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capital gains question

Richard Lima
  • Real Estate Agent
  • Boston, MA
Posted Jan 25 2020, 11:48

I'll be selling my first investment property soon and will be buying another property and do a 1099 exchange, my question is if I'm going to have about $180k after the sale then I assume I have to buy a property at $180k or higher to avoid paying any capital gains tax..can I buy the property with hard money or does it have to be cash? And if it can be bought with hard money, can the $180k include rehab costs?? Example: sales price $150k + $30k rehab = $180k total loan and use a 1099 exchange? Or is that double dipping?? 

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