Seller doesn't want to pay capital gains tax on rental.

[Russell Johnson]

Hello BP. 

I have a conversation going with a seller who has multiple rentals. I made him an offer on one that would work for both of us.  He didn't balk at the price but told me tonight after a conversation with his accountant. He doesn't want to sell it now and pay 25K in capital gains taxes. He bought it in '84.

I know there is still a way we can figure a deal out. He does want to liquidate properties.

I understand we could do a seller carry back and spread out the tax liability. Are there any other tools or methods we can minimize his tax burden?

He isn't interested in doing a 1031 tax exchange either. He wants fewer properties. 

Thanks!

Russell