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.)```

Do you have any brokers i the family

You can also defer for "Contruction improvements"

Is the partner only in the S corp

when it was the development company (when it was active) XXX builders were the contractors, so it was meant to separate the raw property, which we were partners in the develpment of, from what the contracting side made, because the partner was not part of the building process, aside from excavation, which we handled through the builders llc

what you;re saying is not different, in principle, from any intrabusiness expense

you make a profit, you either call it profit, or spend it on something for the business and call it expense or an asset for depreciation....

that's why if you're running a shell holding company, or even if you arent, for that matter, when you sell a house at a gain, if you roll it into another like asset, you're just expensing the profts, or, in effect, placing them ina company asset for depreciation, which is the same thing

you still only pay taxes on things that make a gain, and cant gain by losing.

nor by breaking even

Take the equity loan out for the S corp to buy the home, 1031 exchange it from LLC to S Corp, Use equity loan to "pay construction company" for XYZ services. Excess cash is tax free income

the 1031 exchange is your muscle

It was created during the bubble and for w/e reason hasnt been modified since

https://www.rt.com/usa/443337-dennis-hof-nevada-brothel-winner/

ron, I wish you were making sense, i really do

Sing Swan! Your picture really highlights a wise real estate titan. He makes sense.

see ron

I tried to tell you

he is a retard

I would start with the 1031 exchange as your out

youre a fucking faggot dude

i do this shit for a lliving

then look at equity loan to wash it

cool

so do dr's