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Updated over 6 years ago on . Most recent reply

Travis Buck's profile image
Travis Buck's profile image
Travis Buck
  • Rental Property Investor
  • from San Antonio, TX
  • Member since May 2, 2017
  • Posts 50
  • Votes 22
  • Experience 12 Yrs
  • Investments 4
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Travis Buck's profile image
Travis Buck's profile image
Travis Buck
  • Rental Property Investor
  • from San Antonio, TX
  • Member since May 2, 2017
  • Posts 50
  • Votes 22
  • Experience 12 Yrs
  • Investments 4
Connect
Travis Buck
  • Rental Property Investor
  • San Antonio, TX
22
Votes |
50
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Buying & Selling Real Estate

I dont want the US dollar when I sell

Travis Buck
  • Rental Property Investor
  • San Antonio, TX
Posted
If I sell my home am I bound to receive the US dollar? If I state that I want to receive gold/silver in lieu of the USD do I still pay tax on the proceeds of the sale? Even though the transaction involves trading assets. Please don't make this a crypto convo!
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Aaron K.'s profile image
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Aaron K.
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  • from Riverside, CA
  • Member since Jul 3, 2015
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Aaron K.'s profile image
Aaron K.'s profile image
Aaron K.
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  • from Riverside, CA
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Aaron K.
  • Specialist
  • Riverside, CA
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

Yes you still have to pay taxes even if you don't get paid in cash.  The one possible exception to this might be if you traded real estate for real estate and were able to do a 1031 exchange.

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