Real Estate Investing
“Is it better for me to do a 1031 exchange when I sell a rental?”
Whether a 1031 exchange is the better fit when selling a rental often depends on the goal for the proceeds, the type of replacement property being considered, and how much flexibility is needed around timing and reinvestment. In many cases, the exchange is viewed as a way to defer recognition of gain, but the practical result can vary based on the property’s use, ownership structure, and the transaction details. The surrounding facts, including prior depreciation, closing costs, and plans for future investment, often shape whether an exchange aligns with the broader tax picture. Walking the details through with a CPA is the fastest way to know what truly applies here.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“As a freelancer with rentals in Alabama, am I missing deductions?”
“As a freelancer with rentals in Alaska, am I missing deductions?”
“As a freelancer with rentals in Colorado, am I missing deductions?”
“As a freelancer with rentals in Arizona, am I missing deductions?”
“I flipped a severely distressed house in less than a year, will my massive profits be taxed as ordinary income or short-term capital gains?”
“I am selling a highly profitable rental property and want to use a 1031 exchange, exactly how long do I have to officially identify a replacement property?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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