How to sell without paying exorbitant taxes?

[Lesley Pinckney]

I’m an investor by default (bought an apartment in Brooklyn, NY and then moved to Chicago and have been renting it for 7 years). Based on neighborhood conditions it’s time to sell and we stand to make a significant profit and want to minimize the tax penalty. I will speak to my accountant and lawyer in a month or so, but I was wondering where I can educate myself about the tax code, the selling/buying process and pitfalls so I can ask better questions and be better informed. Thanks!