If this was an income property, not primary and you intend to sell then buy another income property, look into1031 exchange. Timing is critical though, you only have like 45 days to make this happen. Then, the tax can be deferred until a later date when you realize the gains. Essentially, you're kicking the can down the road on the tax but you can make money on the money in the interim.
Last edited by Sully; 12-15-2023 at 08:03 AM.
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