News for hackers. Stuff that matters.
Re:The Rise of the Forever Renter Class by bombcar on Tuesday May 07, 2024 @12:26PM (#40287800)
If you really need to, there is a tricky path via that to avoid some tax.

You convert the current appreciated house into a rental (this is a non-taxable event).

You rent for whatever the required timeline is, and then 1031 exchange it to a more manageable rental in the area you desire (going from overvalued house in the Bay Area to triple-net commercial elsewhere, for example).

Then you die and pass it on to heirs.

There are no comments on this comment yet.