In the podcast episode "How to Pay $0 in Taxes When You Sell a Property," host Ryan Bakke explores the intricacies of the 1031 exchange, a real estate strategy that allows property owners to defer capital gains taxes when selling investment properties. He explains the process of using the proceeds from a property sale to purchase new real estate, thereby avoiding immediate tax liabilities. Ryan emphasizes the importance of understanding the rules and timelines associated with a 1031 exchange, including the role of a qualified intermediary and the deadlines for identifying and closing on replacement properties. He also cautions against letting tax avoidance be the sole driver of real estate decisions, noting that poor investment choices can negate the benefits of a 1031 exchange. Additionally, Ryan discusses the potential of using passive activity loss carryforwards (form 8582) to offset capital gains, providing an alternative to the 1031 exchange. The episode is a comprehensive guide for real estate investors looking to optimize their tax strategies while making sound investment decisions.

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Timestamps:

[00:00:00] Intro

[00:00:04] Debunking the 1031 exchange.

[00:05:26] 1031 Exchange Strategies.

[00:09:58] Delaying 1031 for more options.

[00:12:19] Capital gains and passive losses.

[00:13:36] Form 8582 and 1031 exchanges.

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*None of this is meant to be specific investment advice, it's for entertainment purposes only.