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Author: theeter Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121162  
Subject: Reinvesting Rental Home Sale Date: 10/10/2000 5:37 PM
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We are in the process of selling a piece of rental property (home) to my son. We want to reinvest the gain into another more valuable rental unit. How do we go about this? I understand that we must set up something called a section 1031. What is this? We don't want to pay in any capital gains on this property and have something else to reinvest in soon after this sale is complete. Any help or suggestions would be much appreciated.
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