Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Investment Properties in 90038 : Real Estate Advice

  • All10
  • Local Info1
  • Home Buying5
  • Home Selling1
  • Market Conditions0

Activity 1
Rich Reed, Real Estate Pro in Arcadia, CA
Wed Mar 23, 2016
Rich Reed answered:
Here are the IRS rules for the exemption: https://www.irs.gov/taxtopics/tc701.html

Living there longer than required does not provide an extended exemption.
1031 exchanges do not eliminate the tax, it is deferred.

Please seek the advice of a CA licensed CPA.
... more
0 votes 3 answers Share Flag
Search Advice
Search

Followers

878