Best tax strategy to sell foreign commercial and invest in us commercial
I have some inherited property abroad that will generate big capital gains when sold.  On the flip side, I want to purchase/develop some commercial sites in the US.

Normally I’d just do a 1031 exchange but that doesn’t apply for foreign RE -&gt; US or vice versa.

What’s the best way to avoid a tax hit?
[{"id": "f7ijslj", "text": "Go talk to some lawyers and accounts who have dealt with situations like this before", "replies": [], "depth": 1}, {"id": "f7il1wy", "text": "My initial thought is that you're probably fucked. \n\nThe only thing I can think of is an UPREIT, or 721-Exchange. This process would require a REIT to come in and give you (usually discounted ) shares in their REIT for the agreed upon value of the property, instead of a basic cash transaction. Since there is no cash being transacted, there is nothing to pay taxes on. It's a long shot but if it's a US based REIT that has an international presence - many do - it could work out. These are pretty tough because you'll have to find a REIT that will actually want the property, but there is certainly an ass for every seat.", "replies": [], "depth": 1}, {"id": "f81miiy", "text": "Look into Opportunity Zone deals. You can defer capital gains tax from any type of business, not just real estate. This may be the best option if you\u2019re looking to reinvest your capital from foreign real estate, similar to a 1031 exchange.\n\nMaybe you can find a REIT that has an opportunity zone fund for investors like yourself.", "replies": [{"id": "f84uvcc", "text": "Didn\u2019t make the connection for opportunity zones!  The close is in feb so we\u2019ll miss out on the 15% but we can still do the 5 year/10%...  thanks!!", "replies": [{"id": "f84v98p", "text": "I hear, 10% better than nothing.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]