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Updated over 7 years ago,

Richard Rossi's profile image
Richard Rossi's profile image
Richard Rossi
  • Investor
  • from East Islip, New York
  • Member since Sep 14, 2016
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Richard Rossi's profile image
Richard Rossi's profile image
Richard Rossi
  • Investor
  • from East Islip, New York
  • Member since Sep 14, 2016
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Richard Rossi
  • Investor
  • East Islip, NY
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Real Estate Deal Analysis & Advice

tax on sale of section 8 home?

Richard Rossi
  • Investor
  • East Islip, NY
Posted

I have a home that I purchased in 1991. It has been rented to a section 8 tenant since I purchased it. I read somewhere that low income housing is exempt from capital gains tax if rented for 16 1/2 years. What is the best way to avoid as mush tax as possible? Can I just put it in a REIT? I plan on retiring from NY to SC.

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