Real Estate Investing
“What happens tax-wise if I do a 1031 exchange when I sell my rental?”
A 1031 exchange can change the tax picture for a rental sale by allowing some or all of the gain to be deferred when the proceeds are reinvested into another qualifying property, but the result often depends on how the replacement property is identified, how closely the properties match in use, and whether any cash or debt differences are involved. The property’s holding period, prior depreciation, and any personal use can also affect the outcome. In many cases, the exchange defers rather than eliminates tax, so the timing and structure of the sale and purchase matter a great deal. Sitting down with a CPA for thirty minutes is usually enough to draw a clean line on this.
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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