You'll need to sign in or create an account to connect with an expert.
You can defer the taxation of your capital gains by doing a 1031 exchange, i.e, by buying a like-kind property.
But you cannot "invest" the capital gains in existing properties to avoid paying tax on the capital gains.
Thank you for the answer.
As with many things in the tax code, it doesn't make sense that there is a difference, but I appreciate your quick reply in answering my question.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
shelbymarberry
New Member
pattylovelife
Returning Member
Fr8tech
Level 1
mephelps13
New Member
ScottM4400
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.