Thread: question for the accountants out there
View Single Post
  #2  
Old 12-04-2005, 10:48 AM
E61Silver's Avatar
E61Silver E61Silver is offline
Member
  
Join Date: Sep 2005
Location: X5world
Posts: 6,162
E61Silver is an unknown quantity at this point
Death and Taxes The Two Sure Things In Life.
If you had rented it you might be able to consider it a investment property.

If it is a investment property you can buy a new property (1031 exchange) and not have to pay capital gains.

I am not a acountant, but trying to help.
Reply With Quote

Sponsored Links