Agent

How to avoid tax on sale of rental house

Owner seeks alternatives to IRS 1031 exchange
Published on Sep 20, 2005

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by CareyBot

DEAR BOB: My rental house in Scottsdale, Ariz., is worth $375,000. It cost me $57,000 in 1977. I depreciated it on a 20-year straight-line basis since I moved out in 1981. If I decide to sell this property to exchange ...

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