@socialcap: Here is how you could use both the #1031exchange and #stepupbasis to pass alomg millions of dollars in #realestate without paying one dime of #capitalgains #taxes #money #wealth #socialcap

Tyler | Finance Tips
Tyler | Finance Tips
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Region: US
Wednesday 19 June 2024 20:17:02 GMT
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jeffeldridge14
Jeff Eldridge :
To properly execute a 1031 exchange the proceeds must be held in escrow after selling property 1 until used to purchase property 2.
2024-06-19 20:53:27
50
jimw8195
user5177247925572 :
Federal estate tax
2024-06-19 23:54:43
19
lb1217
user5417535520314 :
Stepped up basis applies to all appreciated assets (as long as not tax deferred like 401k or IRA). So samerule applies to a stock portfolio also.
2024-06-19 21:33:16
19
utoometoo
utoometoo :
How did we get to 250 million ? Average home price is 450k.
2024-06-20 01:44:45
14
jen_tred
user6215663319163 :
Investment property not second home correct?
2024-06-20 03:04:54
19
rushpet808
Alex :
what if i have owned the investment property for more then 5 years?
2024-06-19 21:07:46
29
kathleenchange
Kathleen Hethcoat :
I was so lucky to find out about 1031 exchanges at the right time.
2024-06-19 20:36:54
8
lon761
Lon761 :
Wow that’s some cool advice
2024-06-19 21:12:06
6
stuartmchenry
Stuart McHenry :
I need to know how to reduce cap gains from sale of crypto assets. please give tips.
2024-06-20 03:40:05
15
user2169605382617
user2169605382617 :
Aren’t gains capped at 500k for a 1031 exchange?
2024-06-19 21:06:53
9
oliviah0lly
Oliviaholly :
I thought 1031 was up to one calendar year to purchase replacement property??
2024-06-19 21:28:11
4
thankstodd
I can hear them snoring :
love 1031
2024-06-19 21:15:59
9
csholmes1
Chris Holmes :
1031 isn’t that easy so make sure you understand the rules
2024-06-22 12:42:59
13
markmensick0
Mark Mensick :
Any ideas on how to deal with prop 19 in California?
2024-06-20 02:05:15
9
iwondergal
user6106109424133 :
Can someone explain more why selling it after 5 years?
2024-06-20 15:33:46
4
realtor512
VirginiaAustin-Realtor :
Wait, the part of taxes gone… you mean if the sell the property day after you die?
2024-06-20 02:59:15
8
metamike76
Mike :
No inheritance tax?
2024-06-20 11:38:36
3
davephillips3261
davephillips3261 :
1031 exchange does have a time limitation. I didn't hear that mentioned. otherwise like your content
2024-06-24 02:32:34
2
sbk2754900
JD74955 :
What about capital gains coming from the sale of stock…any advice to avoid or reduce tax impacts?
2024-06-20 02:02:38
15
fifteen451
DM :
You'd be better off gifting into an irrevocable trust to avoid the estate taxes if you expect a huge increase in value by death. Cap gains are 23%, estate tax is 40%.
2024-06-20 01:25:58
5
warder2bond2021
Proudpapa. :
You are a blessing to the uninformed...keep doing this, please.
2024-06-20 00:26:37
32
nsoitgoez520
Nsoitgoez520 :
Now ya tell me
2024-06-21 03:08:36
8
joeneuman4
Joe Neuman :
On the first couple houses anyways you won't need to worry about doing a 1031 as you're able to deduct 250000 for you and for your spouse.
2024-06-20 02:52:45
6
krystofilus
Krystofilus :
Wow. Love it!
2024-08-27 05:26:13
1
jen_tred
user6215663319163 :
I love your content, I am learning so much. Thank you
2024-06-20 03:01:52
15
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