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Ambassador
4,005,723
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Not yet, will look into this.

Apr 18, 2019 07:25 PM
Rainmaker
2,936,515
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I have not. In fact, in over two decades I've not ever even had capital gains come into play.

Apr 18, 2019 06:05 PM
Rainmaker
719,586
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I have not and I don;t know if my clients have done such

Apr 19, 2019 07:00 AM
Ambassador
3,148,416
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I have an CPA client who facilitates these but, he would have to explain the pros and cons.

Apr 18, 2019 08:01 PM
Rainmaker
983,722
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

No. 

Apr 19, 2019 01:47 PM
Rainmaker
1,409,777
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No idea.

Apr 19, 2019 11:53 AM
Rainmaker
4,274,773
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michelle,

I think your best bet is consult a CPA and a tax attorney.  A

Apr 19, 2019 06:56 AM
Rainmaker
386,495
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

No, never have used a CRT or been involved with one. Not exactly sure what one even is - sounds like proceeds of a sale go to a charity - thus avoiding being considered income or something along those lines. If I ever have a client looking to sell something to contribute to some cause or organization I will check into it at that time.

Apr 19, 2019 06:46 AM
Rainmaker
1,551,723
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I have not Michelle Carr-Crowe Just Call 408-252-8900 Top 1%! . I worked with very few investors with the exception on builders and developers. None of which used a CRT.

Apr 19, 2019 06:02 AM
Rainmaker
5,219,754
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope.

Apr 19, 2019 03:48 AM
Rainmaker
3,131,000
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never used one!

Apr 19, 2019 03:40 AM
Rainmaker
2,854,066
Richard Weeks
Dallas, TX
REALTOR®, Broker

I have not; however, sounds interesting.

Apr 19, 2019 02:50 AM
Rainmaker
1,813,055
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I'm interested !

Apr 18, 2019 08:54 PM
Rainmaker
995,153
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not Michelle. 

Apr 19, 2019 03:10 PM
Rainmaker
903,811
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

No, not in 20 years. And given I've had no experience in this; it's not a question I or any REALTOR who hasn't should answer. It's advice that exceeds our license, unless you're telling astory about how a client of yours did it.

Apr 19, 2019 01:05 PM
Rainmaker
975,928
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

A competent CPA will be a better person. A tax lawyer is even better.

Me pay tax.

Apr 19, 2019 09:38 AM
Rainmaker
3,037,886
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

All good question but do not know anything about it.

 

Apr 19, 2019 09:33 AM
Rainmaker
1,204,273
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Nope.

Apr 19, 2019 09:04 AM
Rainmaker
4,001,401
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lots of questions, but all for a CPA.

May 03, 2019 02:40 PM
Rainmaker
641,555
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

My alma mater has suggested that I use a CRT. I can't imagine why they think I need such a device. My estate is not so large that there will be much left over after I spend my way through retirement and take care of my loved ones with bequests.

Apr 24, 2019 02:44 PM
Rainer
2,290
pmi kota
SNMPWalk - Sydney, AU
I live in Australia precisely in the city of Sydne

I have been accused of being greedy because I parked my dollar donated in an advisory fund before removing it; I can't imagine what people who don't know if I use a CRT!

The IQ calculator maker offers to compare and differentiate both, and it shows one way in which both can be used together to eliminate one of the disadvantages of a CRT.

Best Regard

SNMPWalk Download

Apr 21, 2019 12:29 AM
Rainer
2,390
fadhil adil
Synology - Sydney, AU
I live in Australia precisely in the city of Sydne

Other vehicles that can achieve the same thing in different ways are residual charity trusts (CRTs). I know a little about them but haven't explored this concept in detail.

I have been accused of being greedy because I parked my dollar donated in an advisory fund before removing it; I can't imagine what people who don't know if I use a CRT!

The IQ calculator maker offers to compare and differentiate both, and it shows one way in which both can be used together to eliminate one of the disadvantages of a CRT.

Best Regard

Synology Cloud Station

SNMPWalk Download

 

Apr 20, 2019 11:55 PM
Rainmaker
2,754,307
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I refer my clients to a trusted attorney well versed in these matters. 

Apr 20, 2019 09:10 AM
Ambassador
1,936,495
Michelle Carr-Crowe Just Call 408-252-8900 Top 1%!
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thanks all. I've read of people using this strategy. I hoped someone else here had done it and could share some helpful info.

Apr 19, 2019 11:50 PM
Rainer
36,788
Kris Collis
Smart Way America Realty - East Stroudsburg, PA
Buy & Sell with Professional Results you Expect

For trusts you'll want to also speak with a trust or estate planning attorney.

Apr 19, 2019 11:45 PM
Rainmaker
4,831,281
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

no, I have not....

Apr 19, 2019 01:42 PM