Posted by Garrett Sutton on February 09, 2004 at 10:21:27:
No. You could do a 1031 exchange for California real estate with Indiana real estate. There would be no taxable event. But purchasing real estate for retirement is not a tax deductible transaction. Garrett
retirement real estate purchase - Posted by Randy Davis
Posted by Randy Davis on February 08, 2004 at 20:45:41:
I live in Indiana, I purchased real estate in California for the sole purpose of retirement.
Is any of this tax deductable?
Re: retirement real estate purchase - Posted by Rick
Posted by Rick on February 10, 2004 at 10:14:03:
Set up a self directed real estate Roth IRA and start using that to make some of your retirement real estate purchases. All income and gains are non taxable unless withdrawn from the ira early.