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The Tax Game

tailfeather profile photo
  • Wednesday, August 27, 2003 @ 09:56 AM EDT
  • 3 Comments
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.
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  • DaveT
    DaveT24th August, 2003
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    Consult your professional tax advisor for specific details that fit your circumstances.

  • tailfeather
    tailfeather24th August, 2003
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    Reply

    Thanks we meet with him tomorrow afternoon- just wanted a heads-up to the things that he will be focusing on.

  • 64Ford
    64Ford27th August, 2003
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    Reply

    What about 1031 exchange?

    What about using money in self-directed IRA, so profits go back to IRA and are not considered "capital gain"?

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