How to Spitball Retirement Taxes and the 4% Rule - 392
Your Money, Your Wealth
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Can You Turn a Rental Property Into a Residence?
Snow: We are thinking about do in a ten 31 exchange and purchasing a home that will eventually live in, using the plus or minus 370 thousand dollars as a down payment. The plan would be to purchase the home within the required hundred day pay period and rent the property offered bie the ten years. After five to ten years, we would make this exchange, property purchase with te ten 31 exchange, a primary residence. If we later sold the property, would we have weighed the taxes on the 370 thousand? Snow: It's kind of tricky, but just t understand that there's an allocation. Oh, and i actually edit it out the part where he said, if you find this
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