4 ms·

You can do a “1031 exchange” to trade a non-residence property for a different one.

• mym1990 4y ago
  This is just a tax deferral, you will still pay tax eventually.
  • amluto 4y ago
    Not necessarily. You can hold on to it until you or your spouse dies, which will reset the tax basis.
    • mym1990 4y ago
      Cannot find where spouse dying resets the tax liability. If the outright owner passes away, that makes sense.