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Article Date:
January 2010


Word Count:
1391

 

 

Cashing Out Real Estate Profits without Section 1031


Paying taxes on the sale of your real estate is voluntary. You do not need to volunteer.

 

In the article titled “How 1031 Real Estate Exchanges Work,” you learned how to use Section 1031 exchanges to avoid taxes on the sale of real estate.1

 

This article gives you three additional strategies:

 

1.

Use the combination of a charitable remainder trust and a wealth replacement trust to avoid taxes, increase personal cash flow, and increase the estate distribution to your children.

2.

Use IRC Section 721 to invest the old property in a real estate investment trust and defer taxes.

3.

Use an installment sale to pay taxes slowly.

 

1. Use Charitable Remainder and Wealth Replacement Trusts

 

The combination of charitable remainder and wealth replacement trusts can create more estate value for your heirs and cash for you than can selling the property and paying taxes now. The ... Log in to view full article.

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