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how to avoid capitial gains on investment property. Property has been depreciated out! Do not want to invest in another rental property.

kpatrick · Posted: Sat Sep 13, 2008 8:33 pm Post subject:

A 1031 exchange is the normal way that Investor's avoid the capital gains tax, but you have to buy a like property. Since you do not want to reinvest...you may be stuck.

smithsussane · Posted: Wed Oct 01, 2008 11:12 pm Post subject:

Hi Guest!

Welcome to Forums!

yes, 1031 exchange will be a way to avoid CGT but I agree with kpatrick that it will be difficult for you because you do not want to invest.

Sussane

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