Guy Roan
Florida
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Joined: 09/04/2012
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Right now I have three separate properties. One of them is financed.
I am thinking of selling the other two and using one of the sales to cover the capital gains.
Is there any thing I can invest the capital gains from the other in to avoid the big capital gains tax
Please don't tell me to get an investment person.
Guy
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monkey44
Cape Cod, MA and Central Fla
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Joined: 11/12/2002
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Tried to send PM - will not go thru ??
Monkey44
Cape Cod Ma & Central Fla
Chevy 2500HD 4x4 DC-SB
2008 Lance 845
Back-country camping fanatic
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jkwilson
Indiana
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Joined: 06/14/2010
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Do any of the properties qualify as your residence?
John & Kathy
2014 Grand Design Reflection 303RLS
2014 F250 SBCC 6.2L 3.73
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ronharmless
The far side
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Joined: 12/15/2008
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Two observations:
1. Sooner or later someone is going to pay the capital gains tax.
2. Over the long term, taxes are only going go up.
* This post was
edited 12/12/22 06:57am by ronharmless *
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way2roll
Wilmington NC
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Joined: 10/05/2018
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You can reinvest in real estate. The government needs their share of your profits from your smart investment. Over and above the sales and property tax you already paid of course.
2023 FR Sunseeker 2400B MBS
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dedmiston
Coast to Coast
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Joined: 01/26/2004
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Brandon K. wrote:Referring post deleted due to forum rules violation in another thread
Welcome to the forum. This is an odd first post though.
Of all the threads to pick from an RV forum, I'm curious to know how this one caught your attention.
Anyway, welcome aboard. I hope you find this to be a helpful destination for info pertaining to your RV interests.
* This post was
edited 12/22/22 12:53pm by an administrator/moderator *
2014 RAM 3500 Diesel 4x4 Dually long bed. AISIN trans & 4.10 rear. B&W RVK3600 hitch • 2015 Crossroads Elevation Homestead Toy Hauler ("The Taj Mahauler") • Hooligan #3
Toys:
- 18 Can Am Maverick x3
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- 07 Honda CRF250X
- 05 Honda CRF230
- 06 Honda CRF230
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klaster79
Florida
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Joined: 04/20/2023
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Hey Guy, sounds like a smart move to manage capital gains. Consider a 1031 exchange if you're in the U.S. It allows you to defer taxes by reinvesting in like-kind properties. Also, explore Qualified Opportunity Zones for tax benefits. Remember, specific advice is important, but maybe talking to folks who've dealt with ecommerce integration could shed light too. Good luck!
* This post was
edited 08/23/23 03:49am by klaster79 *
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