I want to sell a rental income producing house and invest the sale proceeds into another more expensive rental income producing house. What are the tax consequences of doing so?

ANSWER

-or-

Michael Lim, CPA

California

16 yrs experience

Currently 4.7500/5 Stars.
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128 Ans.

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I want to sell a rental income producing house and invest the sale proceeds into another more expensive rental income producing house. What are the tax consequences of doing so?

Michael Lim, CPA

Accounting

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Personal Tax

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Personal Finance