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Mark Taylor
Mark Taylor, Certified Public Accountant
Category: Capital Gains and Losses
Satisfied Customers: 2308
Experience:  Certified Public Accountant
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We are selling several rental properties that are in a

Customer Question

we are selling several rental properties that are in a revocable trust. How should we proceed to avoid paying capital gains at tax time?
Submitted: 1 year ago.
Category: Capital Gains and Losses
Expert:  Mark Taylor replied 1 year ago.

Hi, my name is Mark. I will be happy to help you with your questions. A 1031 exchange would be the only way to delay paying capital gain tax. There are specific steps that you would need to follow to be able to defer the gain.