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New Member
posted Jun 4, 2019 4:31:25 PM

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

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1 Replies
Alumni
Jun 4, 2019 4:31:27 PM

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.