No 1031 exchange! Strategies to save on Capital Gains?

[Sandro DeAngelis]

Hey everyone,

I am selling a property that I will be making a good chunk of change on. 

I will be slapped with huge capital gains.....

I DO NOT WANT TO DO A 1031 Exchange but want to either;

1)  Put it in some sort of education fund for my 3 kids?

2) Vanguard Index fund

Can the funds be used for either one of these without being taxed?  Do you have any ideas on what I can do?

Thanks so much!

[Dave Foster]

@Sandro DeAngelis, Your options are limited.  Pay the tax and hope for offset losses or huge gains on the index fund.

If you're just tired of being a landlord and owning fixed asset real estate there are passive options that might work for you and are 1031 compliant so they would shelter the tax.