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Author: 4thebird Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: like kind sale/purchase Date: 4/1/2010 7:38 PM
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the CPA likes me to figure some things out for myself

What kind of a nitwit do you have for a CPA?? You're paying them to figure out the tax implications for you and advise you. You shouldn't have to figure out the tax impacts on your own.

However, you do need to make your own decisions as to what to do. But the CPA should tell you if a 1031 would be of benefit to you, and what kind of property you need to look for as a replacement property. He should help you figure out the basis in the property, but it's up to you to decide to sell or keep.

See the difference??
+++++++++++++++++++
do real estate, too much trouble, will work through this yet. I will be ready tomorrow with the questions to ask. thanks.

ever think I might be the nitwit?
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