All Forum Posts by: Dan Fritschen

À dst or similar would be ideal. Do not even need a return or interest since it will only be there 9 months and the savings from not borrowing is the goal 

The terms for the loans are really bad since she has negative income. AND the house will sold in the next 12 months regardless of what happens since the estate needs to be divided 

so selling now costs no more. And the market is super hot now. Challenge is not paying capital gains now since if we sold in 9 months there will be zero.  We are just trying to save the huge interest rates of a loan - she is negative $8k a month with all the special care 

Hello.  Is there a type of an investment for a 1031x that is liquid within a year?

the reason is my cousin who I am trustee for owns a rental property. My cousin has terminal cancer and is in hospice and will pass away in 6 to 12 months from now. 

My cousin has no assets other than this rental. She does not have money for her expenses and is borrowing at a high rate of interest which is becoming impossible 

the idea is to sell my cousins rental property take a boot to cover her expenses and the rest ($750,000) do a 1031x.   When she passes the asset that was purchased as part of the 1031 would then be liquidated and distributed to heirs with no taxes 

The goal is to get her the cash she needs from her asset without paying any/minimal capital gains.  

Any suggestions would be helpful

we will hire an expert to manage this transaction.  So if you help you will get the job to manage all this :)  

Thank you 

Hello.  I have a rental home and another person wants to invest $100k and become tic and share in costs profits etc 

when I receive this money does the irs consider it a sale of the property and taxable or an investment and n’ont taxable?

of course my goal is to structure it as an investment.  I will not use the $100k to invest in another property. Probably just keep it in a cd for short term.