there would be no gain to consider

When really its your next personal

The gain is lower taxes

and then tax free rental income via enquity loan cash machine

either youre confused or I am

you dont pay taxes on losses

selling either of my homes would not be a tax consideration. they would sell for near enough to what i would call cost that I would show neither a gain nor a loss

https://www.realwealthnetwork.com/learn/how-to-do-a-1031-exchange-rules-definitions/

I could show a loss if i wanted to pay myself for my labor

but i would not

You show the loss in the S corp since all the profit and cash stays 100% insulated within the business

You make your salary larger

then defer it to retirement

jesus jman just kys

it would be simpler and quicker

stfu @7alon we're actually having a decent discussion here

that's kinda where Im at

I understand what you;re sayin ron

Its your tax free haven, use it

techincally everything you do can be for the S corp

> muh real discussions
> muh care factorzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

the LLC is your property mgmt

cash flow small transaction

yea, you're still missing the fundamental problem, which is not how little tax I want to pay, its that values are not there, and income is not there

how many business do you have and how are the structred

which assets are in which

how is the rental zoned

multi unit or single family

I have a personal home, I have a house for sale that is technically owned by an llc "XXX properties LLC," then my dad and I have a contracting company XXX Builders, INC., and then we have a development partnership, which is an S corp, and holds 2 houses for rent in partnership with our excavation guys, but was much more important to us 15 years ago when we were developers. XXX Enterprises, LLC was that development partnership which at the time held property in various development stages. Again, now it only holds two houses and rents, but involves a third party partner

INB4 RON HAS AN ANURYESIM

XXX properties LLC, in addition to holding the house, which is my interest, that I have for sale, also holds a 4 family rental, whcih if I wasnt leaving we would not be selling

Dont sell the house under the LLC

our primary salary comes from XXX Builders, inc. the partnership is all on the books and makes a little money, but never enough not to be able to expense...

all other rental income is just cash

generally unclaimed

Ok

again, i cant imagine how that should matter if im selling for a wash

but w/e\

What percentage is the partner in for

50%

```Rule 3: Greater or Equal Value
In order to completely avoid paying any taxes upon the sale of your property, the IRS requires the net market value and equity of the property purchased must be the same as, or greater than the property sold. Otherwise, you will not be able to defer 100% of the tax.

For example, let’s say you have a property worth $2,000,000, and a mortgage of $500,000. To receive the full benefit of the 1031, the new property (or properties) you purchase need to have a net worth of at least 2 million dollars, and you’ll have to carry over at least a $500,000 mortgage. It’s important to note that the $2,000,000+ value, and $500,000 mortgage, can go towards one apartment building or three different properties with a total value of $2,000,000+. (FYI: Acquisition costs, such as inspections and broker fees also apply toward the total cost of the new property.)```