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Oh yeah ...
select-fire
Member Posts: 69,448 ✭✭✭✭
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...
Comments
Run fast and run far with the cash.
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....
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.