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Updated almost 5 years ago on . Most recent reply

Jeff Sheraton's profile image
Jeff Sheraton's profile image
Jeff Sheraton
  • from Wilmington, Delaware
  • Member since Mar 18, 2015
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121
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Jeff Sheraton's profile image
Jeff Sheraton's profile image
Jeff Sheraton
  • from Wilmington, Delaware
  • Member since Mar 18, 2015
Connect
Jeff Sheraton
  • Wilmington, DE
36
Votes |
121
Posts
Private Lending & Conventional Mortgage Advice

Avoiding taxes on a lump sum mortgage payoff

Jeff Sheraton
  • Wilmington, DE
Posted

I have a mortgage that was created when I sold a property to another investor.  The other investor now wants to pay off the mortgage all at once which will result in a good chunk of profit I will need to claim on next years taxes.  Is there anything I can do to avoid this?  Any sort of exchange or reinvestment I could do?  

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