was wondering, is it possible to sell my rental house and instead of reinvesting in another rental or investment property, can I invest in a REIT and not pay capitol gains? I think they call it a 1031 exchange. No. You have 2 issues:- REITs are generally sold as either stocks or partnerships, neither of which is eligible for a 1031 exchange- 1031 exchanges must be 'like-kind', so you need to buy another real property in the US if what you are selling is real property in the USSee the instructions for IRS form 8824 for more information.AJ
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