All Forum Posts by: Cheri Douglas

Thanks so much for that detailed information. Hopefully one of these options will work for us. Yes, we want to get out of owning rental property.

[b]We were just wondering if there is any way to avoid or delay (other than a 1031 exchange) a big hit on the capital gains taxes when we sell our 4-plex. We recently listed it and didn't think we'd get a buyer, but to our surprise, we did. Now we are dreading the tax hit...

Thanks.[/b]

I appreciate your quick reply. We will check into that.

:roll: [b]Please help me with this. We are selling our fourplex in Louisiana. We live in California. Is there anything we can do with the proceeds we receive from the sale to defer the capital gains taxes OTHER than a 1031 Exchange??

Thank you![/b]