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posted Jun 6, 2019 6:19:53 AM

If I sell a rental property could I payoff my mortgage on my other rental without paying capital gains tax.

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1 Replies
Level 15
Jun 6, 2019 6:19:54 AM

No, because you are not "exchanging" property #1 for property #2.  You already own property #2.  Therefore your transaction is not a "like-kind exchange" under Section 1031.