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Updated almost 3 years ago,

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1
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Gail Cole
1
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1
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Tax benefits of re-investing in STR

Gail Cole
Posted

We opened our first short term rental the last weekend of August. We also own a C-Corp business. I have the opportunity to sell the C-Corp netting 700,000. My question is, can I invest it in real estate (specifically STR's) and avoid income tax or capital gains on it? I do have an appointment with my account so I'm just looking for general ideas here.