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Tax, SDIRAs & Cost Segregation

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Lynell Sonoda
Pro Member
  • Rental Property Investor
  • Midland, TX
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16
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Avoiding captial gains tax without 1031 exchange

Lynell Sonoda
Pro Member
  • Rental Property Investor
  • Midland, TX
Posted May 15 2019, 13:14

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!

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