Bankhead Lake Topics: Pleasure Cost per Sq. Ft.

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	Name:	PikeSki -
	Subject:	Pleasure Cost per Sq. Ft.
	Date:	8/18/2006 9:27:29 AM

Ridgeman,

I'm not a real estate person and someone else may have more detailed information on your question but I think that the profits you make on a real estate sale can be rolled into a 1032 tax exchange (basically an escrow account) and sit there tax free. If you re-invest the money into another property then there is no tax on it. If you cash it out then your uncle will want his cut. (I don't know how much though).

Not that this is helpful but I hope it's helpful !