Avoiding captial gains tax without 1031 exchange

[Lynell Sonoda]

Hi BP,

I am in the beginning stages of selling my home. I do not have a replacement property right now but was wondering if there is a way to avoid paying captial gains tax without doing a 1031 exchange?

Per my accountant, estimated numbers are:

207k for capital gain

Federal would take 22k

State would want 13.5k

Any advice and help would be appreciated. If more information is needed, I'll gladly provide it!

Thank you!

[Jay Hinrichs]

just pay the tax and move on..  don't let the tax tail wag the dog..  I see lots of people get into deals they should not out of fear of paying tax.. look at it this way you have 170k of tax free money  take your time choose wisely.