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I am selling a rental property this year. I expect to gain about 100K from the sale. Is there a way to not to pay capital gains on that sale? Can I reinvest the money?
This property is inherited from my parents in January 2018. I plan to sell it within this calendar year. Can I do anything with this money to avoid paying capital gains taxes? Reinvest in my primary home? Purchase another rental property? If not, how would I calculate the capital gain tax and set it aside?
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‎June 5, 2019
11:39 PM