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Ngozi Iwunze's profile image
Ngozi Iwunze's profile image
Ngozi Iwunze
  • Member since Jan 10, 2023

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Ngozi Iwunze's profile image
Ngozi Iwunze's profile image
Ngozi Iwunze
  • Member since Jan 10, 2023
Ngozi Iwunze
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Tax, SDIRAs & Cost Segregation

TAX flipping to renting

Ngozi Iwunze
Posted

Taxes

I'm flipping a house, hoping to sell it and buy a triplex for rental purpose. Is there a way to avoid capital gain taxes. Im thinking of pushing my 2024 tax deduction to 2025 as a way to reduce it a bit.

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Bill Hampton's profile image
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Bill Hampton
  • Accredited Investment Fiduciary (AIF®), Financial Planner, Tax Strategist, Real Estate Investor
  • from Atlanta, GA
  • Member since Nov 14, 2012

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Bill Hampton's profile image
Bill Hampton's profile image
Bill Hampton
  • Accredited Investment Fiduciary (AIF®), Financial Planner, Tax Strategist, Real Estate Investor
  • from Atlanta, GA
  • Member since Nov 14, 2012
Bill Hampton
  • Accredited Investment Fiduciary (AIF®), Financial Planner, Tax Strategist, Real Estate Investor
  • Atlanta, GA
974
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Bill Hampton
  • Accredited Investment Fiduciary (AIF®), Financial Planner, Tax Strategist, Real Estate Investor
  • Atlanta, GA
Replied

@Ngozi Iwunze

One way to avoid capital gains is to turn the flip into a rental after the rehab and then do a 1031 exchange into a more expensive property. 

  • Bill Hampton
  • 404-482-3170
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