 Capital Gains (by Marie [MO]) Apr 3, 2021 9:19 AM
 Capital Gains (by Robert J [CA]) Apr 3, 2021 9:32 AM
Capital Gains (by Tony [NJ]) Apr 3, 2021 10:01 AM
Capital Gains (by 6x6 [TN]) Apr 3, 2021 10:14 AM
Capital Gains (by Richard [MI]) Apr 3, 2021 11:08 AM
Capital Gains (by Barb [MO]) Apr 3, 2021 12:48 PM
Capital Gains (by Barb [MO]) Apr 3, 2021 12:48 PM
Capital Gains (by Ray-N-Pa [PA]) Apr 3, 2021 1:21 PM
Capital Gains (by Allym [NJ]) Apr 3, 2021 1:43 PM
Capital Gains (by LisaFL [FL]) Apr 3, 2021 5:42 PM
Capital Gains (by Marie [MO]) Apr 3, 2021 7:54 PM
Capital Gains (by RB [MI]) Apr 4, 2021 7:54 AM
Capital Gains (by Ray-N-Pa [PA]) Apr 4, 2021 9:04 AM
Capital Gains (by WMH [NC]) Apr 4, 2021 9:13 AM
Capital Gains (by Landlord ofthe Flies [TX]) Apr 5, 2021 2:47 PM
Capital Gains (by Jim [OH]) Apr 6, 2021 10:20 AM
Capital Gains (by Marie [MO]) Posted on: Apr 3, 2021 9:19 AM
Message:
Anyone out there selling rental property earlier than planned due to the forecast of elimination (or reduction) of long-term capital gains tax treatments for high income earners ($1M or possibly as low as $400K) in 2022? --98.156.xxx.xxx |
Capital Gains (by Robert J [CA]) Posted on: Apr 3, 2021 9:32 AM
Message:
Back in 2005 and 2006, I learned that Long Term Federal Capital Gains tax was going up by 5%, from a max of 15% to 20%. Also in my State of California, the State max tax was going up from 9.3% t0 13.3%. And there was going to be the creation of the Affordable Care Act, meaning an additional 2.9%. And on the depreciated amount taken a repayment of 25%, or recapture, was also due.
So I sold a bunch of stuff. Some I did a 1031 tax deferred exchange. Others I sold out and pay the taxes....Banking the money unit real estate hit rock bottom. When it did, I went on a buying spree.
--47.155.xx.xxx |
Capital Gains (by Tony [NJ]) Posted on: Apr 3, 2021 10:01 AM
Message:
I'm selling all or most of my portfolio this year. Not just the fear of capital gains becoming less attractive but the increased regulations and anti-prosperity tactics of this type of administration will cause property values to decline. In my area, property values dropped 40% from 2006 to 2012. I'm not letting this happen to me again. --73.215.xxx.xx |
Capital Gains (by 6x6 [TN]) Posted on: Apr 3, 2021 10:14 AM
Message:
listening in. --73.120.xx.xxx |
Capital Gains (by Richard [MI]) Posted on: Apr 3, 2021 11:08 AM
Message:
I am selling also.
Some other place will welcome investors more.
Go where you are welcomed and appreciated.
It's hard to consider leaving but things change.
I will not allow a lifetimes of work and sacrifice to be stolen from me. --24.180.xx.xx |
Capital Gains (by Barb [MO]) Posted on: Apr 3, 2021 12:48 PM
Message:
Nope!
We are keeping and holding. We figure we need the income for another 40ish or so years, and plan to simply leave it to the kids to deal with. They can sell it as part of the estate, and pay the taxes from the sales. --67.43.xxx.xxx |
Capital Gains (by Barb [MO]) Posted on: Apr 3, 2021 12:48 PM
Message:
Nope!
We are keeping and holding. We figure we need the income for another 40ish or so years, and plan to simply leave it to the kids to deal with. They can sell it as part of the estate, and pay the taxes from the sales. --67.43.xxx.xxx |
Capital Gains (by Ray-N-Pa [PA]) Posted on: Apr 3, 2021 1:21 PM
Message:
Shuffling around assets and decreasing the number of my units, while increasing my cash flow --24.154.xx.x |
Capital Gains (by Allym [NJ]) Posted on: Apr 3, 2021 1:43 PM
Message:
I am worried about the Wealth Tax and getting a ridiculous property tax from the feds on everything I own. But My Pillow is working on this. Watch his latest documentary today on O A N this evening. --108.24.xx.xx |
Capital Gains (by LisaFL [FL]) Posted on: Apr 3, 2021 5:42 PM
Message:
I’m selling to take advantage of our crazy market.
Paid $87,500 for one in 2012, getting ready to list it for $320,000. Another I bought in 2012 for $108,000 should sell for $375,000. Then again the one I bought at the peak of the market in 2005 for $150,000 should sell for $200,000. It finally recovered.
If the market crashes again I’ll be glad I did well on some and just hold the others. --216.186.xxx.xx |
Capital Gains (by Marie [MO]) Posted on: Apr 3, 2021 7:54 PM
Message:
Original Poster - Thank you all for your excellent comments. Since landlord retirement is within three years, I was planning on selling equal numbers of properties every year. After reading your comments, and doing some planning, I will be moving up 2022's planned sales to this year at minimum.
--98.156.xxx.xxx |
Capital Gains (by RB [MI]) Posted on: Apr 4, 2021 7:54 AM
Message:
Right on Richard, MI.
Been working my exit plan for 3 years.
Not much talk about that subject, here.
People put a strangle hold on their possessions
and will die with clenched fists.
Dowhatyagottado.
--199.192.xxx.xxx |
Capital Gains (by Ray-N-Pa [PA]) Posted on: Apr 4, 2021 9:04 AM
Message:
Deferring taxes is my strategy.
If you double a penny every day for 30 days straight, you end up with over $5,300,000 at the end of the month. This is the power of compounding interest.
Now if you had to pay a 35% short term capital gains tax on those same gains - you still make out well. But in the end you are only pocketing $20,000
There are folks out there that will tell you the government needs this money to stimulate the economy and help the needy. The government does do a great deal of good but at what cost? Hmmmmmm by taking 99.6% --24.154.xx.x |
Capital Gains (by WMH [NC]) Posted on: Apr 4, 2021 9:13 AM
Message:
We are Buy & Hold Until Death - let the kids deal with the tax issues after we die. --50.82.xxx.xxx |
Capital Gains (by Landlord ofthe Flies [TX]) Posted on: Apr 5, 2021 2:47 PM
Message:
I wouldn't sell ahead of schedule just because of taxes. Cap gains taxes probably won't go higher than they did with Obama. I'm more concerned over regulations and their ignoring contract law. That's what's new in this situation.
However, if I rolled a 1031 for several years and accumulated a lot of taxable appreciation, I may consider selling and pay the taxes on the 1031 now. There may become a time that you want to cash out. If the cap gains gets raised to 45%, then most of your 1031 efforts will have been in vain. I would be tempted to reset the clock and pay all the taxes accumulated from the 1031 while the cap gains rates are low. Doubt they'll every be lower than 25% ever. --108.69.xxx.xxx |
Capital Gains (by Jim [OH]) Posted on: Apr 6, 2021 10:20 AM
Message:
Reply:
|
|