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Updated over 6 years ago, 06/03/2018
What is the best way to sell a property to avoid taxes?
I am planning on selling my investment property, however, I absolutely need to invest the proceeds. I would also like pay off debt in the process as well. What is the best route to take? 1031 exchange? Or take the proceeds and invest later?
Here are the numbers:
Loan on the property: 262k
Value: 365k
Depression recapture 18k.