Quote:
Originally Posted by ErikLS2
HaHa, thanks for reminding me of selling at the peak time in 2006 and then foolishly thinking I HAD to do a 1031 (because the worst thing is paying taxes) making a huge mistake for the wrong reason. I've now learned, if I'm paying taxes, then I must at least be making money.
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Oh man I have stories....losing $300K to avoid a $95K tax hit. Yeah, I was still scratching my head. And that is only one I have witnessed. Better to put it aside or make it work.