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Message
re: Selling rental home: capital gains
Posted on 4/15/26 at 8:45 am to BabyTac
Posted on 4/15/26 at 8:45 am to BabyTac
quote:jfc
Just sell and don’t claim anything if you’ve owned the home for a few years. They’re less likely to catch it if you’re not selling multiple properties in consecutive years.
Did this with a rental in 2022 and never heard a peep. Worst case scenario they catch it and send you a bill for what you would’ve paid anyways. Worth the risk.
quote:checks out
by BabyTac
0
Posted on 4/15/26 at 9:05 am to fareplay
1031 only applies if you are using the proceeds to purchase a similar type property. You have to identify a new property at time of sale. This doesn't meet your goal of liquidity.
Posted on 4/15/26 at 9:21 am to fareplay
quote:
I did briefly before I moved. I don’t plan on buying another property so not sure I can do 1031
Well that's a vital piece of this puzzle
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