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It 2663 Instructions  Form

It 2663 Instructions Form

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Instructions and help about It 2663 Instructions

welcome to 10:31 University I'm Paul Holloway today we are going to go over a basic example of how the numbers play out if you sell an investment property and if your goal is to just simply cash out on that investment how much of a tax you would be expecting to pay to the federal and/or state governments and it can be surprising how much taxes there are out there but then we'll tie it into a 1031 that instead of just cashing out and paying the federal government and or state governments you would be able to defer all those taxes forward into one or multiple investment properties so let's just go ahead and say that I purchased a rental property just to start the game and let's say that I bought that investment property for $200,000 now a common term that your CPA is probably going to use and talking to you about this investment is that this is your basis that being your starting point of this investment so you bought it for two that's your basis that your starting point the fact that it

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