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Manage episode 374411246 series 3449489
TC and I brought Thomas Castelli back for more tax talk. In this episode, we're getting into exit strategies. When the time comes to sell your property, you may want to think twice about how you go about it. The 1031 exchange could save you thousands in capital gains taxes but it requires a game plan. Find out the savviest way to exit your short term rental here.
0:00 - Intro
6:42 - The mechanics of a 1031 exchange
20:57 - The mechanics of the 1031 lite
25:59 - Cost segregation
29:44 - When a 1031 exchange fails
37:50 - Recap
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