Don't get it. 1031 is not tax free, but tax deferred, right?

回答: 白菜出租房如果增值,避税方法commonsense8882012-01-30 22:36:45

I don't think there is any way of avoiding tax on gains. It is considered in GDP and a transaction hence must be taxed. One way or the other, more or less.

1, if you move to the house for 2-5 years, how about your old house lossing the homestead? You can't live in two places at the same time. Or I've missed something?

2, the 1031 like-kind doesn't require any homestead change, correct?

3, like the 401K, your gain is deferred to when you finally sell your last house or death, I guess.

4, like the wash sell, you will finally close the gain or loss on your last transaction.

Of course if I know all the answer I am earning that much.

所有跟帖: 

yes, tax deferred, but you can convert rentals -commonsense888- 给 commonsense888 发送悄悄话 (247 bytes) () 01/31/2012 postreply 10:02:02

请您先登陆,再发跟帖!