All Forum Posts by: Peter Thielemann

A Prop 19 question, when inheriting a property are the adjusted taxes due upfront? If from day 1 of inheriting a property and the property was put up for rent and for sale. Would a 1031 cancel or postpone paying the adjusted tax rate?

@Yonah Weiss, multi-family property in Tennessee.

@Dennis Tierney, regarding the cost of a cost segregation. I'm finding cost between 10 and 30k. Am I looking in the wrong place? Or is that just to cost in California?

@Peter Thielemann, question on leaving property in an IRA to be inherited. If a rental property within an IRA, within a living trust would be left to my kids. Would they have to cash out within a certain time? Or would there be RMD's? Or would they just take over the properties into their names and continue business-as-usual?

@Joe Mercer will do and thank you for the education! I will keep posting.

@Bill Exeter thank you, finding a custodian will be my first step. I have a boatload of questions when I start interviewing.

@Joe Mercer if I take a distribution from my 401k to purchase a rental property. Then would the property be in my personal name? And I would take, use normal tax deductions. Example,Then I would be putting 25% down on180k. And doing a cost segregation to offset the distribution. My original intent wise to move the money's out of my employer-sponsored 401k and buy the property outright to increase my ROI. I end up paying taxes whether it comes from my 401k or a SDIRA with rental. Sorry if I seem confused I am. I'm going to interview a couple of local CPAs to see if there are well-versed in these areas before I make any moves. I need to set with someone one on one through all of this and make my best informed decision.

@Joe Mercer question for you. So if a rental property is in/owned within a SDIRA there are no tax deductions due to the property being owned by a tax sheltered entity? would adding an LLC make a difference? If true than it would be better to take the 25% distribution with LTV and doing a cost segregation.

@Bill Exeter another question, my understanding a rental property that is within a SDIRA cannot be sold to a sibling. Can it be left to a sibling through inheritance?

@Avram Shabanyan thank you. This will not work for me. I can't afford the 40 to 45 % down pmt and the higher rate.