Damus
CitizenPedro · 4w
In this case, if you don't mind the question, what would good timing mean in this case? Is it for example house prices start to go down a bit more, or the lowering of interest rates, etc? Or perhaps ...
SweedWick  profile picture
Yep- in this case, the specific tax implications of selling this piece of real estate along with transaction costs. Will need to account for making the sale, paying transaction costs out of pocket and then paying taxes out of proceeds. Then there’s also carryover gain as this was a 1031 exchange. Another example of having to learn an entire new profession just to save and grow (hopefully) some fiats. Moving all that into BTC sounding better by the minute :)
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CitizenPedro · 4w
Thanks for the response :) Makes complete sense. It seems like it's going to take some time, but it certainly is very exciting to see people move from real estate to Bitcoin! My non Bitcoiner friends simply don't understand how Bitcoin is probably the greatest thing that could've happened to the n...