1031 Exchange for Real Estate: Goodbye...

[Matt33]

After 5 plus years of building my online business, I've now considered selling it the past year, and getting valuations from brokers between 4 and 5 million. Great... except all this Biden stuff.

Threatening to raise the capital gains tax to 43.8%, and retroactively from the date of that announcement in April. Now I'm having second guesses on selling. I'm trapped between a rock and a hard place, because the market's hot right now and I definitely see some economic turmoil coming up. So I'd like to sell.

My CPA is telling me slim chance to none they get the retroactive, but I just don't believe her. I'm having her look into things like structured sale annuities and other ways to save on the tax bill. But I just don't know if any of it's going to work. Freakin Biden

 

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[ones66]

After 5 plus years of building my online business, I've now considered selling it the past year, and getting valuations from brokers between 4 and 5 million. Great... except all this Biden stuff.

Threatening to raise the capital gains tax to 43.8%, and retroactively from the date of that announcement in April. Now I'm having second guesses on selling. I'm trapped between a rock and a hard place, because the market's hot right now and I definitely see some economic turmoil coming up. So I'd like to sell.

My CPA is telling me slim chance to none they get the retroactive, but I just don't believe her. I'm having her look into things like structured sale annuities and other ways to save on the tax bill. But I just don't know if any of it's going to work. Freakin Biden

With this money you can easily make a passive income and don't worry about money for the rest of your life. This is exactly what I would do, if I had this amount of money to invest. People are investing their money in crypto nowadays, but it's too risky in my opinion, and it's way safer to buy property with this money. It will provide you a continuous income without any risk, but don't forget about 1031 Exchange, you can read the article for more information if you didn't use it before.