Ideas to offset capital gains at the end of the year?

[Scott Lewis]

I sold a rental recently and will have a sizable tax hit at the end of the year. I do not have any taxable stocks to sell at a loss to offset the capital gains. I’m still looking into solar panels for the primary house.

I am not able to find many specific ideas online besides the two mentioned above . Anyone have any tricks to share?

Thanks in advance.

[Zachary Bohn]

@Pat L. large repairs and improvements have to be depreciated that isn't really an option. If they had to pay $70k in taxes they wouldn't be able to create losses from the rentals that would've been able to offset the gains either. Selling several properties in one year without doing a 1031, is pretty much always going to result in high taxes unless you have carryover losses.