Hello, I have a house in Vegas that I'm probably selling. I realized that if within x amount of time I buy another house not...

Responses

1. 

   Ophira Dagan November 27

   To be eligible for 1031 you have to wait two years. Don't know what the laws are for Israeli citizens.

2. 

   Limor Cohen Chetrit November 26

   Hi Assaf, there is a tax permit or tax law that allows you to transfer the sales tax to the next property and thus you do not pay tax at the time of the current sale. There are some guidelines you need to adhere to, for example, if you sold your home for $ 1,000, the next home you buy must be worth more or less worth $ 1,000. Check out a little on the internet, the term is called 100 exchange, there are dedicated companies that run this slice for you. Worth calling a few of these companies and find out all your questions. Successfully!

3. 

   Asher Touriel November 26

   Thanks for tagging Omar.
   This is indeed the provisions of the 1031 section which allow for the first sale tax deferral (deferral and non-exemption)
   Until the replacement property is sold.
   This will sound surprising but relevant to investment assets rather than inventory
   for example
   The tax authority can claim in respect of the flips since it is in stock
   The section does not apply.

   Another thing is that if you are subject to Israeli taxation
   So using the section instructions is not recommended
   Since you will pay tax in Israel on sale (assuming that you own directly or through an LLC which it overlooks for tax purposes
   Best regards

   Asher Toriel CPA (Israel), Tax Advisor (USA).

4. 

   Eviatar Ben Marco November 26

   Choosing real estate here you will learn everything bro

5. 

   Omer Ben Avraham November 26

   Asher Touriel

6. 

   Liran Rotter November 26

   If you are planning to sell an investment property and purchase another investment property, then you are probably referring to the 1031 regulation. The tax is deferred while you are not selling and buying an investment property for a higher amount than the one sold. Successfully!

7. 

   Yaniv Regev November 26

   Before the sale, you will need to identify the property you will buy and fill in appropriate forms. To enjoy the full benefit the property must be of the same type and at a higher cost. You must also be a US resident

8. 

   Jonathan Lampert November 26

   following

9. 

   Nadav Yamin November 26

   In Israel, you will have to pay a profit on the tax anyway, so it is not advisable for Israelis