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Updated over 5 years ago,

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11
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2
Votes

Can I do a 1031 or is there an other way to avoid capital gain

Posted

Hello friends,

I am looking into selling on of my rental properties, my renter has lived there for about 2 years. By selling I’m looking to profit around $140K before taxes and notary fees etc...

My question is tax related how can I avoid paying tax on the gain so I can invest that money elsewhere. I’d like to look into getting a couple condos with the gains but would like to keep some for other investments. Any ideas is greatly appreciated.

Thank you lots.

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