Inherited House My sister and I inherited a house. The house is paid for. We are trying to decide whether to sell it or rent it out.
If we sell it, I understand we will be subject to capital gains taxs. The house would sell for more than the stepped up value at the time we inherieted th house.
Could I do a 1031 exchange for my portion of the proceeds where I buy another piece of property with the proceeds of the sale of the house
Thanks |