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Updated about 1 month ago on . Most recent reply

Opportunity Zone - Seller
Hello, I was wondering if anyone "accidentally" owned a rental property in an opportunity zone and was able to use the opportunity zone rules to your benefit. We have a house in an opportunity zone in Texas that we bought in 2015, lived in for 3 years, and then made a rental in 2018. I see about the opportunity zone funds, but it is for accredited investors that need to put gains into something to defer. I am very interested in avoiding cap gains and recapture. I am aware of 1031 but wondered if I can just cash out without purchasing new property.