))
#6: Five Ways To Slash Taxes With The 1031 & 121 Combo
Manage episode 421154754 series 3569550
Content provided by Natalie Kolodij and EA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Natalie Kolodij and EA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
And Why "You Can't Buy a Primary Home With A 1031 Exchange" Is wrong.
Facebook Groups:
Tax Professionals ---> https://www.facebook.com/groups/realestatefortaxpros
Real Estate Investors ---> https://www.facebook.com/groups/REIKnowledgeVault
Episode Topic Suggestions
--> Contact@Cretaxstrategist.com
Like the Show? ---> Rate it 5 ⭐️
In this episode of 'Real Estate is Taxing,' host Natalie Kolodij delves into the synergy between two tax code sections: the 1 21 exclusion and the 10 31 exchange. She explains the primary conditions under which each applies and explores scenarios where both can be utilized together in cases of mixed-use properties or properties transitioning between personal and business usage. Natalie also provides insights on handling depreciation recapture and answers common questions about using these provisions to maximize tax advantages. Join her for a detailed discussion aimed at demystifying complex tax strategies in real estate.
00:00 Introduction to Real Estate Taxing
00:52 Understanding the 1 21 Exclusion
02:04 Exploring the 10 31 Exchange
02:39 Combining 1 21 Exclusion and 10 31 Exchange
02:54 Mixed-Use Properties and Tax Benefits
05:04 Switching Between Primary Residence and Rental
10:04 Depreciation Recapture and Tax Strategies
12:39 Common Questions and Scenarios
20:14 Conclusion and Final Thoughts
18 episodes
Share
