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Lkuhl
New Member

capital gains on investment property in california estimated for 2023

We have a apartment building to be sold in 2023.

net to us after escrow fees, prorated rents, deposits, and taxes will allow us to invest out of CA

small mortgage (which must be moved to the new investment)

We own it (this property) with family and they may want to cash out.  we are thinking of 1031 exchange for our portion as listed above, does that make a difference?

we are trying to decide - but also need to know about interstate exchange tax treatments (Florida)

 

 

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1 Reply
VincentL2
Expert Alumni

capital gains on investment property in california estimated for 2023

The 1031 specialist firm handles all of this for you. You may want to find a company since they will be able to walk you through your options.

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