My parents own a home that they purchased for $20,000 in 1970. They moved out of this home in 1993. They have been renting this home since. They now wish to sell this rental property that is now worth about $170,000. They are nearing retirement age. I have heard (and know little ) about a situation where you can swap "like" real estate holdings. Is this something they can pursue or does anyone have any suggestions to avoid a large tax windfall. They really do not want to move back there for 2 years.
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