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Updated over 4 years ago,

Jessica Flint's profile image
Jessica Flint's profile image
Jessica Flint
  • Member since Apr 22, 2020
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43
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9
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Jessica Flint's profile image
Jessica Flint's profile image
Jessica Flint
  • Member since Apr 22, 2020
Connect
Jessica Flint
9
Votes |
43
Posts
Buying & Selling Real Estate

how to avoid taxes when selling secondary home

Jessica Flint
Posted

My parents are closing on the sale of their secondary home in a couple weeks.  They will definitely have some taxes to pay.  They own in free and clear.  Is there a way for them to reinvest that money into an investment property to avoid paying any taxes?  I know the 1031 exchange won't work because they never used it as an investment property.  Thanks for the help!

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