Advice to reduce taxes selling RE to buy retirement mutual funds?

[Gebson Pinheiro]

I have properties that I'm selling to buy REIT mutual funds as I'm nearing retirement (don't want to deal with the hassles). Any advice on how to not get killed in taxes as I make this transaction? Less than $1 million total.

[Caleb Heimsoth]

@Gebson Pinheiro. Do you have any idea how much in taxes you’ll pay if you do nothing? I would start there as that amount would dictate what I do, meaning more taxes I would strategize and less I probably wouldn’t worry.

One thing you could do (if multiple properties), is sell over a period of years to spread the gains out.