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Updated about 3 years ago,
1031 exchange then sell to avoid taxes
I have a property that I have had for 10 years. It has increased about 150k in value and I have captured depreciation on it for 8 years. If I pay capital gains on the 150k and the depreciation pay back it will take more of the profit than I want right now. Does anyone know if I can do a 1031 exchanged then after all has settled with escrow sell that property at value having never captured depreciation and not have to pay any taxes?