Rob Curtis will be presenting “Converting a Principal Residence to Investment Property to Minimize Taxes by Combining Sec.121 and Sec. 1031” as part of Accruit’s monthly webinar series. This educational webinar will provide a comprehensive discussion of converting a principal residence to investment property in order to minimize taxes by combining §121 and §1031 on one transaction.
Topics discussed will include:
- Review of IRC §1031 Exchange rules
- Review of IRC §121 rules
- Review of Revenue Procedures 2005-14 and 2008-16
- Converting primary residence to rental/investment property
- Application of §1031 and §121 to the sale of converted property