net sale will be around $800K. The capital gains will be around $280K
not sure if you can help me on this?
Besides a 1031 exchange, which he didn’t want to do, is there anything else that my client can do to reduce his capital gains exposure?
Thank you,
Doug
Permalink Submitted by Norman Cook on Thu, 2022-01-27 16:10
Standard IRA or Roth IRA ???????????????
Permalink Submitted by Douglas Bauerband on Thu, 2022-01-27 16:33
They are both retired 🙂
Permalink Submitted by Alan - IRA critic on Thu, 2022-01-27 18:21
If client has other investments that current have cap losses, client could sell those investments and the cap loss would reduce the cap gain. Or client could bunch itemized deductions if they can itemize.