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Old 04-18-2014, 12:44 PM
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Join Date: Apr 2014
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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



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