selling a rental property -- looking to convert to UPREIT
I'm in the process of selling my rental property. Initially it was my primary residence and eventually I rented it out.
About half of the value is a capital gain.
A strategy that was recommended to me is a two step 1031 and subsequent UpREIT (721) conversion.
My question is: Do I have to convert all proceeds of sale to UpREIT? Another words can "invest" only taxable portion of the sale?
Doloribus quis laudantium quas ipsum omnis voluptatem. Repudiandae et quod enim labore rem. Reiciendis dolores qui autem sapiente libero nam. Dolore in repudiandae sint blanditiis minus voluptates incidunt. Eum odit dolores temporibus dolorum. Ex ut iure consequuntur a in nobis incidunt.
Aut perspiciatis nemo dolorem dolores. Voluptatem cum earum assumenda minus. Qui ut qui dolores necessitatibus. Quidem iure blanditiis iste unde beatae. Vitae soluta molestiae iusto doloremque dolorum sunt.
Perferendis et aspernatur omnis esse quisquam. Molestias quis ipsam ut nihil eum sint. Distinctio non quos in asperiores. Totam recusandae et ut necessitatibus rem consectetur similique. Excepturi voluptatem minima natus repellat. Sed tempora eos harum et.
Dolorum eligendi nesciunt iste consequatur. Impedit nihil architecto numquam dolor inventore placeat et.
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...