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Updated over 5 years ago,
Can I do a 1031 or is there an other way to avoid capital gain
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.