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J.D.
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Along with my wife, Carol, we are "Old Pros" known locally as “Team Weisenburger”.
Carol specializes in assisting First Time Home Buyers and is ... show more
Carol specializes in assisting First Time Home Buyers and is ... show more
J.D. answered:
Hi Steve,
Usually the best way to defer the taxes on the sale of investment real estate is use The IRS section 1031. This MUST be done with a 3rd party called an INTERMEDIARY. Your local real estate investment club, some banks, Titile Agencies, or real estate attorneys can assist you with locating an Intermediary. There are time lines that must be followed. If you have a real estate agent you normally work with bring that person up to speed with what you are attempting to do.
You CANNOT take advantage of the a 1031 deferred exchange without an intermediary. Do a google search on 1031 Deferred ExChange for more information
JD
Usually the best way to defer the taxes on the sale of investment real estate is use The IRS section 1031. This MUST be done with a 3rd party called an INTERMEDIARY. Your local real estate investment club, some banks, Titile Agencies, or real estate attorneys can assist you with locating an Intermediary. There are time lines that must be followed. If you have a real estate agent you normally work with bring that person up to speed with what you are attempting to do.
You CANNOT take advantage of the a 1031 deferred exchange without an intermediary. Do a google search on 1031 Deferred ExChange for more information
JD
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