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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (28143)3/18/2005 11:36:01 PM
From: DoughboyRead Replies (3) | Respond to of 306849
 
The one surefire exit strategy from a 1031 is death. I believe that upon death, your heirs get the property at a stepped up basis, so they don't pay any tax on the capital gain. To plan for that, you can exchange into a property in a vacation spot, say the beach or the mountains. Rent it out for two or three years, then convert it to personal use as your residence or retirement spot. When you die, you're out.


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