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| I'm no tax expert, but I think you could potentially use what is called a 1031 Exchange.
You have to rent the land out for some period of time (as strictly a landlord), then you can sell it and take the money and buy some other rental property (e.g. an apartment complex or commercial rental property) as a "like kind" exchange and you will avoid paying any capital gains tax from the sale.
The idea doesn't appeal to me, but it's all the rage. | |
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Another investment question
