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Updated almost 4 years ago on . Most recent reply

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Justin Clark
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Am I safe to sell properties now and at current capital gain tax?

Justin Clark
Posted

Hi everyone, I currently own 20 properties and am considering selling about half.  Am I safe to sell now and remain under current capital gain taxes or is there the possibility of taxes going up and any property sold this year could be grandfathered into the higher tax bracket?  I appreciate any insight that you guys may have on this. I know there are a lot of very knowledgeable people on here! Thanks!

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Karl B.
  • Rental Property Investor
  • Erie, PA
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Karl B.
  • Rental Property Investor
  • Erie, PA
Replied

Howdy. It'd be even better to sell a property and 1031 exchange into something bigger so you can avoid capital gains. 

Though if you're only looking to sell and have no interest in buying then yes - it's probably a good time to sell from a long-term capital gains percentage as well as the fact the market is hot (due to these low interest rates that will certainly rise).

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