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

 Published On Sep 1, 2023

Is it possible to avoid taxes when selling your rental property? In this informative video, we will guide you through minimizing those pesky taxes by utilizing specific tax breaks such as 1031 Exchanges, Section 121 Exclusions, and more!

Learn more about advanced real estate tax strategies! πŸ‘‡
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Joining me today is Eliot Thomas, Esq., to help deliver the details.

Whether you’re selling your rental property for personal reasons or as an investment, this video will equip you with the techniques to avoid taxes and maximize profits. The primary strategy to reduce taxes when selling your rental property involves leveraging an IRS code known as the 1031 exchange. Additionally, this comprehensive video will explore other options beyond 1031 exchanges.

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If you are considering selling your rental property, this video is a must-watch. We will delve into different tax strategies that can help you circumvent tax liabilities associated with the sale.

πŸ”‘ Key Insight β€œHere’s what my tax bill is, but if I buy this property, I avoid the tax.” 4:56

By following our expert tips, you will successfully sidestep tax obligations on the sale of your rental property, resulting in significant long-term savings.

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Show Notes:
0:00 Intro
0:58 Passive Losses
5:27 Section 121 Exclusion
7:52 1031 Exchange
11:32 Statutory Trust
14:50 Qualified Opportunity Zones & Funds
18:20 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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