Sell Rental Property & Minimize Capital Gains

[Mike Smith]

Hi all,

If anyone has any advice or can point me to someone that would be great…

I have a few rental properties and I’m thinking of getting out. That means I have to deal with capital gains. I’ve heard of the following ways to minimize these taxes…

1) Combine some tax harvesting with the sale.

I will be investigating this more but does anyone have any experience with this …any input? …do’s and don’ts?

2) Sell the rentals after living in them for 2 yrs.

Not an option.

3) Do a 1031 exchange.

Not really looking to get another property but I've heard you can exchange into a REIT and I will investigate this more but again …any input? …any do's and don'ts? Note I have zero REIT experience/knowledge.

Thx!