Refi rental and then sell without capital gains tax?

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  • CPA · Charlotte, NC · Member since 2016 · 37 posts · 16 votes
    3y

    Sure, but you would need a capital gains plan or enough losses to offset the capital gains to have no cap gains if sold for a gain. When you sell, a portion of the proceeds will likely pay off the loan from the refi. 

  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 4k+ votes
    3y

    A refinance itself does not increase your basis.

    Therefore, whether you do a refinance or not would not change your gain amount.

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