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Updated over 8 years ago,
Tax question about selling a 6 plex I bought 17 yrs ago
Hello
I bought a six plex 17 years ago in San Diego for $215k and after 4 years I refinanced it for $290k. The loan after 13 years is now $210k. If I sell the place and have the 1031 pay off the loan and invest all the rest of the money in a new place will I have to pay tax on the $210K? There is about $100k recapture on the property.
Thank You
Tommy