Questions tagged [1031-exchange]
The 1031-exchange tag has no usage guidance.
6
questions
0
votes
0answers
27 views
How does the tax computed in a 1031 exchange when the new property is worth no more than the equity?
Confused about the 1031 exchange in partial defer...
My case is as follows:
I got an investment property in Los Angeles, USA which I plan to sell for 850K.
I got that property 15 yrs ago for 300K. ...
0
votes
0answers
32 views
opportunity zone vs 1031 exchange
From what I read opportunity zones are more flexible. For example, if you have 1M property with 600K loan and you want to replace it with thru 1031, you cannot just go for a 400K property ( which is ...
1
vote
1answer
40 views
1031 exchange and cash boot
My question is about 1031 exchange and whether I can get rid of the mortgages from my life once and for all, by investing only with the equity I got? Looks like this great idea is not possible.
The ...
4
votes
1answer
83 views
Which professionals should I work with for a 1031 exchange?
I know what a 1031 exchange is, and it's complex enough to know that I need help with it. The problem is I'm not sure who I need help from. My property I'm selling is about to start escrow and my ...
5
votes
2answers
727 views
Sale of a rental property, looking to buy a new house that the seller can't move out of right away
I recently sold my rental property (owned for 5yrs, rented out for the last 3.5yrs) and netted $50k. I am currently under contract to purchase a new house for $55k down that I plan on living in. The ...
0
votes
0answers
32 views
Re-leveraging an investment property vs 1031 reverse exchange
Is it shady / an issue or typical and accepted to refinance a property to the max just before selling it and performing a 1031 exchange? Is this considered a taxable event (have to pay taxes on the ...
