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Selling land and avoiding tax question
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Blusteryknollfarm
Posted 12/3/2025 12:47 (#11455562 - in reply to #11455479)
Subject: RE: Selling land and avoiding tax question


North Central Illinois		The only obvious answer is she could sell it and 1031 exchange for another like kind property.

The other possible option is a contract for deed sale with long enough term that principal payments keep her in a low/no capital gain rate bracket.
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