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re: 1031 Exchange Question

Posted on 12/17/20 at 5:09 pm to
Posted by HBomb
Dallas
Member since May 2012
250 posts
Posted on 12/17/20 at 5:09 pm to
quote:

Did you ever rent it?


No. I only closed on it 2 weeks ago. I was immediately approached by an investor to sell.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37304 posts
Posted on 12/17/20 at 5:13 pm to
quote:

No. I only closed on it 2 weeks ago. I was immediately approached by an investor to sell.


How much gain are you going to have? It would be short term of course. If it's not much, I'd consider just paying it now. If the GOP loses Georgia senate races, tax rates are going up, and that could include changes to basis rules and capital gains and god knows what else kind of uncertainty.

If it's 100K, then that's different.
Posted by New Boy
Member since Aug 2009
891 posts
Posted on 12/17/20 at 5:20 pm to
That changes my OP.
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