Re: ??? about Realestate sale(not car Related)
If the name on the deeds of your property is in the business name, you can do a 1031 and use the money to build the building you want as long as it stays in the business' name. You then rent the building from the business at a loss.
It's more of a headache than I'd want but it might be way to keep some of the capital gains.
Personally, in 11 years, I'll be doing as Marlin suggest. Uncle Sam will get a good share but figuring the tenants have paid for the properties..., oh well!! I'm not babysitting anymore at 60.
It will be time to start spending and enjoying more.
|