#6: Five Ways To Slash Taxes With The 1031 & 121 Combo

And Why "You Can't Buy a Primary Home With A 1031 Exchange" Is wrong. Facebook Groups: Tax Professionals ---> https://www.facebook.com/groups/realestatefortaxprosReal Estate Investors ---> https://www.facebook.com/groups/REIKnowledgeVaultEpisode Topic Suggestions --> [email protected] the Show? ---> Rate it 5 ⭐️ In this episode of 'Real Estate is Taxing,' host Natalie Kolodij delves into the synergy between two tax code sections: the 1 21 exclusion and the 10 31 exchange. She explains the primary conditions under which each applies and explores scenarios where both can be utilized together in cases of mixed-use properties or properties transitioning between personal and business usage. Natalie also provides insights on handling depreciation recapture and answers common questions about using these provisions to maximize tax advantages. Join her for a detailed discussion aimed at demystifying complex tax strategies in real estate.00:00 Introduction to Real Estate Taxing00:52 Understanding the 1 21 Exclusion02:04 Exploring the 10 31 Exchange02:39 Combining 1 21 Exclusion and 10 31 Exchange02:54 Mixed-Use Properties and Tax Benefits05:04 Switching Between Primary Residence and Rental10:04 Depreciation Recapture and Tax Strategies12:39 Common Questions and Scenarios20:14 Conclusion and Final Thoughts