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Updated over 3 years ago on . Most recent reply

User Stats

36
Posts
9
Votes
Mark C.
  • Plano, TX
9
Votes |
36
Posts

Dodging Capital Gains?

Mark C.
  • Plano, TX
Posted

HI All,   

I had a property mortgage free and Owner financed it Dec 2020.  Capital gains are deferred.  However somehow the buyer just sent me a payoff in June and that will be a large amount of change dropped into my lap.   You cant 1031 Owner Finances right.  Is there no way to dodge the tax man on the full capital gains?  

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