The Tax Game
Recently, we have raised the bar on our REI. We are now entertaining properties that have 200-400K equity. We would like to do these deals ourselves but our biggest concern is taxes. What can we do to protect our gains from the IRS.
Consult your professional tax advisor for specific details that fit your circumstances.
Thanks we meet with him tomorrow afternoon- just wanted a heads-up to the things that he will be focusing on.
What about 1031 exchange?
What about using money in self-directed IRA, so profits go back to IRA and are not considered "capital gain"?