Oh yeah ...
Just signed an agreement with my realtor for my next to last rental Sold.. Sold.. Sold ... I am feeling lucky ...have 100 dollar worth the mega lottery tickets ready...
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Run fast and run far with the cash.
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However, you have to buy another to avoid the capitol gain tax😜
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asop: 30468365515163/comments/30468344788635
However, you have to buy another to avoid the capitol gain tax😜
1099s form.... It is the difference from purchase till sell minus selling expenses. About like hitting the lottery and complaining taxes have to be paid. I am not buying more rental property but being totally retired.... this month if it all goes down....
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BTW... capital gains have to be paid sometime.. when the property is eventually sold. The way taxes are going it is best to pay now before they get higher. I still made a boatload of money on all of my rental properties sold.
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