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Updated over 3 years ago on . Most recent reply

Sharon Carson's profile image
Sharon Carson's profile image
Sharon Carson
  • Rental Property Investor
  • from Thousand oaks, CA
  • Member since Sep 9, 2020
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12
Posts
2
Votes
Sharon Carson's profile image
Sharon Carson's profile image
Sharon Carson
  • Rental Property Investor
  • from Thousand oaks, CA
  • Member since Sep 9, 2020
Connect
Sharon Carson
  • Rental Property Investor
  • Thousand oaks, CA
2
Votes |
12
Posts
General Landlording & Rental Properties

Tax repercussions of selling a rental

Sharon Carson
  • Rental Property Investor
  • Thousand oaks, CA
Posted

I'm trying to "crunch the numbers" in regards to the tax repercussions of selling my rental, and doing a 1031.

OR, moving back into it for 2 years and realizing the 250k tax break.

Trouble is, I bought this as raw land 30 years ago, took 20 years to owner build it. I have NO idea what my "Cost basis" is!!

It's been a rental for 10 years now.

Any thoughts? (Property is in HI, I reside in CA)

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