William HFlorida Mortgage Rates
Did you like to own investment property? Would you like to leverage your tax dollars into another investment property? Try a 1031 exchange.
When estimating your tax liability, do not forget about state taxes. If your property is in California, add another 9.3% of your gain (300,000 X 9.3% = $27,900)
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You have a wash sale meaning that you cannot take the loss on the shares you sold if you rebuy them inside an IRA. (Since you are the beneficiary of the IRA, it's a related party.)
Unfortunately, the basis of the stock you buy inside the IRA is never adjusted for the loss, so you would never get the tax benefit of the loss.