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Updated almost 7 years ago on . Most recent reply

I dont want the US dollar when I sell
If I sell my home am I bound to receive the US dollar?
If I state that I want to receive gold/silver in lieu of the USD do I still pay tax on the proceeds of the sale? Even though the transaction involves trading assets. Please don't make this a crypto convo!
Most Popular Reply

Yes you still have to pay taxes even if you don't get paid in cash. The one possible exception to this might be if you traded real estate for real estate and were able to do a 1031 exchange.