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Guest
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 Posted: Sat Sep 13, 2008 9:03 am Post subject: how to avoid capitial gains on investment property |
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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. |
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 kpatrick
Joined: 29 Oct 2007
Posts: 156
Location: Atlanta, Georgia
40.97 Dollars($)
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| Posted: Sat Sep 13, 2008 8:33 pm Post subject: |
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A 1031 exchange is the normal way that Investor's avoid the capital gains tax, but you have to buy a like property. Since you do not want to reinvest...you may be stuck.
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smithsussane
Joined: 18 Sep 2008
Posts: 4515
Location: Alaska
440.39 Dollars($)
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| Posted: Wed Oct 01, 2008 11:12 pm Post subject: |
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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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