Humphrey Yang
Region: US
Monday 21 August 2023 17:09:09 GMT
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pariswiththecups :
Most seasoned investors are not really depending on 1031.. these are mostly used my mom and pop owners who has one or 2 properties
2023-08-21 18:12:22
528
Lance Goodthrust :
We are taxed too much.
2023-08-22 12:48:55
220
Jandrofett :
Why we paying taxes to the starts and federal? And then buy stuff with already taxed money?
2023-08-22 01:12:58
34
LongBondsAway :
*cries in real estate private equity*
2023-08-22 02:11:24
12
Bk :
Should be available for someone’s primary residence but definitely not for investment properties
2023-08-22 21:24:56
22
Purrfect :
This would mainly target crypto trading, since virtual currency is considered property
2023-08-21 23:05:27
1
user3104757438360 :
My cpa told me you have to be purchasing a house that is both more expensive and one that you’ll have a higher equity in for this to work?
2023-08-22 00:03:58
2
pipethat :
So you just have to keep buying houses forever…?
2023-08-21 18:20:25
4
C S :
I definitely own these, but the legal processing fees for buying and selling our absurdly ridiculous
2023-08-21 23:48:04
0
t6zman31 :
does this apply to second or vacation home?
2023-08-22 21:15:31
0
Cece :
good
2023-09-19 21:43:36
0
Anthony D'Antonio :
How would they even know what your profit is and what the capital gains tax would be
2023-08-23 04:19:15
0
Matt :
The problem isn’t the 1031 exchange so much as the cost basis being reset when transferred…
2023-08-21 22:20:16
3
@fvk_off_loser :
Is cost basis used for investment properties also?
2023-08-22 01:17:11
1
JustSomeGuy :
Doesn’t a 1031 only apply to a primary and not a investment?
2023-09-20 00:44:22
0
LucyDuncan :
What if you don’t have any heirs?
2023-08-22 15:34:49
0
user9672785458393 :
Seems like it will be hard to get the votes for this in the House and probably the Senate too
2023-08-22 13:41:07
1
kennethmayfield56 :
I'm sure that loophole was put in place so you could buy a starter house and then a bigger house and then when you have more kids a bigger house
2023-08-21 23:55:47
4
F16viper69 :
what happens if you move into that home and make it your primary 2 years later?
2023-08-21 18:01:06
1
Tim :
it doesn't make any sense that this existed in the first place
2023-08-22 10:57:16
0
David Riano :
Do you list the property for sale first? Then identify the other one, then close on the original property?
2023-10-01 13:30:29
1
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