Anderson Business Advisors Podcast

How to Avoid Taxes When Selling Your Rental Property (Using 1031s, IRC 121, And More!)


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In this episode, host Toby Mathis, Esq., joins regular guest Eliot Thomas, Esq., Manager of Tax Advisors at Anderson Business Advisors, to discuss several options that can protect homeowners and investors from paying exorbitant taxes on the sale of property. Eliot and Toby share important information and tactics for passive losses, installment sales, 121 and 1031 scenarios, Delaware Statutory Trusts, UPREITs (Umbrella Partnership Real Estate Investment Trusts), and opportunity zone funds.

Highlights/Topics:
  • Passive losses and gains
  • Spreading gain over several years
  • Can homeowners save taxes on the sale of their home?
  • The 121 exclusion and its rules
  • Changing your home to a rental property - 1031 exchange and the rules
  • The DST Delaware Statutory Trust and 1031 exchange
  • UPREIT- Umbrella Partnership Real Estate Investment Trust
  • Qualified opportunity zones and qualified opportunity zone funds
  • Recapping all the options
  • Resources:

    Tax and Asset Protection Events

    https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=aba&utm_medium=podcast&utm_content=how-to-avoid-taxes-when-selling-your-rental-property

    Anderson Advisors

    https://andersonadvisors.com/

    Toby Mathis YouTube

    https://www.youtube.com/@TobyMathis

    Toby Mathis TikTok

    https://www.tiktok.com/@tobymathisesq

     

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