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Felipe Guerra's profile image
Felipe Guerra's profile image
Felipe Guerra
  • from San Diego, CA
  • Member since Feb 8, 2017

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Felipe Guerra's profile image
Felipe Guerra's profile image
Felipe Guerra
  • from San Diego, CA
  • Member since Feb 8, 2017
Felipe Guerra
  • San Diego, CA
1
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12
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Off Topic

Capital Gain Taxes -San Diego CA

Felipe Guerra
  • San Diego, CA
Posted

Hello BP panel,

I have a question about capital gain taxes -I recently sold my (3) multifamily properties, netting me about $500-$800k.

I started with the intention of conducting a 1031 exchange (still ongoing with escrow and exchange accommodator)

As I have not been able to find anything appealing in the current market (San Diego CA) I'm tempted in exploring the option of keeping my gains cash and look patiently for an opportunity.

However I'd have to pay taxes on my gains -could anyone recommend q strategy or an experienced CPA how can review my case to minimize tax payments.

Thank you in advance for your time -

Felipe

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Bill Exeter's profile image
Bill Exeter's profile image
Bill Exeter
  • #2 1031 Exchanges Contributor
  • 1031 Exchange Qualified Intermediary
  • from San Diego, CA
  • Member since Jan 6, 2008

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Bill Exeter's profile image
Bill Exeter's profile image
Bill Exeter
  • #2 1031 Exchanges Contributor
  • 1031 Exchange Qualified Intermediary
  • from San Diego, CA
  • Member since Jan 6, 2008
Bill Exeter
#2 1031 Exchanges Contributor
  • 1031 Exchange Qualified Intermediary
  • San Diego, CA
1,335
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1,989
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Bill Exeter
#2 1031 Exchanges Contributor
  • 1031 Exchange Qualified Intermediary
  • San Diego, CA
Replied

Hi @Felipe Guerra, 

I will send you a PM with some referrals to good CPAs in San Diego that know real estate and 1031 Exchanges. 

  • Bill Exeter
business profile image
Exeter 1031 Exchange Services, LLC and Exeter Trust Company
4.7 stars
26 Reviews

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