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Updated over 4 years ago on . Most recent reply

User Stats

58
Posts
6
Votes
Adam Gratt
  • Realtor
  • Ventura, CA
6
Votes |
58
Posts

How to deal with Capital Gains tax for a home owner.

Adam Gratt
  • Realtor
  • Ventura, CA
Posted

I have a prospective home owner that refuses to sell because he doesn't want to deal with the Capital Gains tax. He said he is leaving it to his kids to deal with the taxes. What would you say to him to convince him to sell. He has owned the vacant lot since 2000. He has nothing to move it to for a 1031 Exchange. Thoughts?

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