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Updated about 9 years ago,

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20
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0
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AUDREY DESOUZA
  • Investor
  • Silver Spring, MD
0
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20
Posts

Capital Gains tax

AUDREY DESOUZA
  • Investor
  • Silver Spring, MD
Posted

Selling an investment property, that I purchased for little to nothing and  selling for over a huge profit, after renting for 5 years... what is the best way to avoid huge capital gains tax.  Do I have to buy another property with the entire amount that I make?  Any advise would be appreciated.  I was intending on buying  a couple of single family houses, but would it make sense to purchase a multifamily building that is more expensive?

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