Damus
SweedWick · 4w
Word. The only additional side benefit is purely due to working the tax code. But it’s a messy business all around. Nice to give someone a place to live, but still can be a headache. I’m currently...
CitizenPedro profile picture
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 it's probably more related to a set of personal tax reasons that make holding real estate not as valuable anymore in this case. That's probably more the reason I assume.

The second part is indeed probably the biggest a lot of people hold real estate too, in a way.
1
SweedWick · 4w
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. ...