All Forum Posts by: Lee H.

I’ve got a piece of land I’m looking at selling. I have roughly 100k into it and sale price would be roughly 250k. I’m looking for some ideas on how i could go about saving some on the capital gains tax.  I don’t believe I can 1031 it, as I have never rented over the three years that I’ve owned it. The only thing I’ve done to the property is clean it up. 

Question 1- am I correct thinking this is not a sale I could 1031 exchange?

Question 2- could I split the sale over two years to help?

Question 3- I do plan on reinvesting my gains do I have any other options?

Thanks,  any info appreciated 

Hi, new here from northern Minnesota. I am working on flipping a house right now, and when I'm done im thinking about rolling it into a fourplex or something of that sort.