turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How can I avoid paying capital gains tax on sell of rental property without purchasing another property?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

How can I avoid paying capital gains tax on sell of rental property without purchasing another property?

Sell it for less, or do a bunch of improvements to it before selling it to increase your basis.  

You still have the prior depreciation to recapture and pay taxes on, so don't forget to include that in the income you will be taxed on when you report the sale on your tax return.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies