Agent

‘Trading down’ in real estate exchange sparks dilemma

Inheritor encounters capital gains taxes
Published on Sep 27, 2005

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by CareyBot

DEAR BOB: I inherited land that has a cost basis of about $100,000. It was recently sold for $400,000. I am looking to buy a rental beach condo for $250,000. Can I delay reporting the capital gain on $250,000 as ...

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