Asked by Jluciano87, 60618 • Sat Nov 20, 2010
If I sell an investment property in hawaii, can i do a 1031 exchange and apply the capital gains towards another residential property i plan to purchase and avoid the capital gains taxes? I live in Chicago and also plan to sell my own home here but wondering if I can avoid capital gains from my investment property as well, and pay down as much as I can, if not pay off, my new residential property. Thanks in advance for any feedback.
Real Estate in Chicago
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