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Updated almost 4 years ago on . Most recent reply
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Can I be the bank to avoid capital gains?
If I own a rental property free and clear and want to sell it, I have to pay capital gains on it unless I put it into a 1031 and get a new property. If I were to sell it and carry the note for the buyer, would I then have any tax relief or pay less than I would if I sold it and received proceeds upon sale?