Skip to content

QuickBooks For Real Estate Investors

QuickBooks For Investors America's Only Complete System For Real Estate Investors using Quick Books Pro

  • Home
  • JOIN NOW!
  • Investor Books Pro
  • Workshop Videos
  • Support
  • Log In

1031 Tax Deferred Exchanges

Posted on March 10, 2019March 16, 2022 By Mike Butler

How to enter properly is in your Investor Books Manual on Pages 173 thru 186

Page 173

Used by Investors to avoid paying Capital Gains Tax Now, you can defer it.
There are many variations involving 1031s including partials.
For KISS method purposes, example used will be simple and traditional.
• Investor has a house used for a rental for 10 years
• Investor purchased house 10 years ago for 50k
• Ballpark depreciation is 51,500 per year, reducing cost to 35k
• Investor can sell rental house for 140k resulting in 105k capital gain
• At 30% tax rate, could mean over 33k in Tax owed.
• Using the 1031 procedure PROPERLY, you could keep the 33k and roll it over into another like kind investment (1 or more rental houses)

Please log in to view more of this post
Login
INVESTOR BOOKS, 1031 Tax Deferred Exchange Tags:1031 Tax Deferred Exchanges

Post navigation

Previous Post: QuickBooks Tax Time Documents – How To Go 100% Paperless as You Receive Important Tax Documents
Next Post: How to Enter Cash Purchase Using a Silent Private Lender

Related Posts

  • Can the IRS impose penalties if a return is not filed/tax not paid? INVESTOR BOOKS
  • QuickBooks Q & A – Real Estate – 3 companies, Invoices, Receipts, Tenants, Deposit INVESTOR BOOKS
  • Can an S Corporation Own An Interest in Another Business Entity? INVESTOR BOOKS
  • Selling Real Estate When Seller MUST Bring Money to Closing HOW TO VIDEOS
  • QuickBooks for Real Estate – How To Enter Bad Checks HOW TO VIDEOS
  • Starting Off With A New Property Using QuickBooks For Real Estate HOW TO VIDEOS

More Related Articles

Refinance including Cash Out ReFi’s HOW TO VIDEOS
Year End Escrow Analysis of Your Money Held by Lender HOW TO VIDEOS
QuickBooks Tax Time Things To Do BEFORE End of Year INVESTOR BOOKS
How to Enter Home Depot Invoice HOW TO VIDEOS
Selling Real Estate When Seller MUST Bring Money to Closing HOW TO VIDEOS
How To Use Repairs and Capitalized Expenses in QuickBooks Pro HOW TO VIDEOS

Library

  • GETTING STARTED (3)
    • Why 2 Company Files (1)
    • What is Investor Books Pro? (1)
    • What is Tenant Tracking? (1)
  • REGISTERED USERS ONLY (14)
    • STEP 1 – "Post Office Method" Accounting Training (1)
    • STEP 2 – Investor Books Pro System (1)
    • STEP 3 – Fast Start Guide (2)
    • STEP 4 – Setting Auto BackUps (2)
    • STEP 5 – Multiple Users (1)
    • STEP 6 – Multiple Entities Partnership (1)
    • STEP 7 – Entering Old Transactions (2)
    • STEP 8 – Speed Buttons (2)
  • HOW TO VIDEOS (53)
  • INVESTOR BOOKS (57)
    • Auto-Billing (1)
    • Bad Checks (1)
    • Borrow Money (7)
    • Capitalized (3)
    • Closing Statements (17)
      • ARMs Adjustable Rate Mortgages (1)
      • Buying (9)
      • Selling (6)
      • ReFinance (1)
      • 1031 Tax Deferred Exchange (1)
    • Depreciation (1)
    • Earnest Money (1)
    • Escrow Accounts (7)
    • Flips (2)
    • Invoices (2)
    • Loan Money (2)
    • Memorized Transactions (3)
    • Multiple Entities (4)
    • Option To Buy (1)
    • Property Taxes (1)
    • Rehab (1)
    • Repairs (4)
    • Tax Updates (8)
    • Troubleshoot (6)
    • Vendors (1)
  • TENANT TRACKING (24)
    • Getting Started (4)
    • New Tenants (6)
      • Section 8 (2)
    • Existing Tenants (12)
      • Work Orders (3)
      • Statements (2)
      • Late Charges (4)
      • Move Out (4)
      • Discounts (1)
    • Collections (1)
    • Auto-Billing (1)
    • QB Upgrade (1)
  • OTHERS (5)
    • Free (2)
    • Tools (2)
    • Reviews (1)
  • YEAR END STUFF TO DO (8)
    • Year End (6)
  • UPDATES (1)

Search By Topic

Balance Sheet buying Buying RE Buy Real Estate with Loan Capitalized Expenses Cash Expenses Cash From Me Closing Statement Buying Computer Crash Daily Late Charges Depreciation Escrow Accounts escrow analysis Escrow Refunds escrows Getting Started How To Enter HUD 1 INVESTOR BOOKS Investor Books Pro landlording Loan Customers mike grinnan cpa Multiple Entities New Computer New Tenant Notes Paying Bills Post Office Accounting property management Purchase Real Estate quickbooks QuickBooks Basics quickbooks for real estate quickbooks pro for real estate repairs Reports Resident Rewards Retrieving Data selling statements Tax Time tax update TENANT TRACKING Tenant Turnovers wholesale
Thursday, 6:54 am EST
June 8, 2023

Got a Question? CLICK HERE
QuickBooks
5 Hour Workshop

forOnly $19

24-7 access Zoom Video Recordings from Workshop
includes WorkBook Study Guide and Q&A

includes
-WorkBook Study Guide
-30 day access to Video Recording

FREE for Registered Users
FREE for Platinum Members

FREE Investor Training

30 min Expert Review

Got a Question? CLICK HERE

Copyright since MMII Wealth Building 24-7 LLC 2022 | www.QuickBooksForInvestors.com | All Rights Reserved.
Disclaimer | Terms of Use | Privacy Policy