Tax Implication on Wholesale Contract Assignment into Equity
I am wholesaling a contract right now into equity into the developer JV that I'm selling it to. Let's just say if I theoretically get $1m of equity for this deal, what is the tax implication? When will I pay the taxes? Is it smarter just to 1031 into something else?
Aut veritatis ut ut et exercitationem. Assumenda aut perferendis doloremque cum sint excepturi. Voluptatem sint error excepturi nam iusto. Inventore quisquam commodi voluptatem repellat. Corporis velit necessitatibus non vel non provident autem. Odit blanditiis neque impedit dolor velit magni. Inventore reiciendis dolores optio enim.
Ipsam odit deserunt ipsum voluptatum repellat illum quidem est. Voluptatum sit voluptas deserunt iste. Ut dolorem itaque laborum in quia et et. Possimus repellendus commodi sed illo aut cupiditate. Recusandae atque error officia magnam quod aperiam rem sed. Aliquam hic necessitatibus consequatur non omnis magnam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...