No-Capital-Gains-Due-For-Some-Investors

[mathjak107]

it is just kicking the can down the road .

[SuiteLiving]

Originally Posted by mathjak107

it is just kicking the can down the road .

if you kick the can down the road far enough and wind up holding the property when you die, that eliminates the gain (may be estate taxes though) unless they do away with the step-up, as has been talked about.

[mathjak107]

you could but to me , i want to enjoy that money . that means selling at some point . we sold off everything we could in real estate prior to retiring . we want only liquid , spendable assets at this point . it does us no good dead except to pass to heirs .

it gets almost stupid having the tax tail wag the tax dog .

[SuiteLiving]

Some feel differently. It's a personal choice so it helps to know what options are available.

[mathjak107]

Originally Posted by JonathanLB

Regardless if you do a 1031 exchange you’re correct there is no capital gains tax as long as whatever you are selling at is reinvested into other real estate assets. This is what we do all of the time. If you sold a building for $100M and you bought two buildings for $50M each, you aren’t taking a gain. There is no capital gain.

that premise could not be more wrong .

first of all that applied years ago to selling a personal residence . you had to reinvest everything in a new home but that has been done away with and it only applied to your own primary residence . so that is off the table today . primary residences have new rules .

any other transaction is taxable unless deferred through a proper 1031 exchange.not sure where you came up with this from but it is 100% incorrect.