ANSWERS: 3
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Depending on the numbers involved you can consider a private annuity trust. If your gains are not more than 100K it may not make sense. Depending on the state the property is in, there might also be state capital gains tax imposed. Paula Straub http://www.savegainstax.com
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New PAT is now deemed illegal by the IRS...
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Unless I am mistaken, you can reinvest in another piece of real estate, thus deferring the gains until the sale of the new property. I know you can do this with a primary residence.
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