How do I pay the least amount of capital gains tax on the sale of raw land (& use the $ to build a house elsewhere)?

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How do I pay the least amount of capital gains tax on the sale of raw land (& use the $ to build a house elsewhere)?

lon kent
Home Owner
blue ridge, TX

I want to sell raw land that I own. I have lots of equity in it. I want to use the money to build a home elsewhere. I want to pay the least amount of taxes possible.

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1 responses | Replies

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Flag Question | Posted: Jan 29, 2009 at 4:33 PM | Login To Subscribe

Answer

TReXGlobal .com
Real Estate Media
Oakland, CA

A 1031 can potentially defer all the taxes. You should definitely discuss it with a professional

Jan 30, 2009 at 9:29 PM | Flag

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