Reported about 2 months ago
A couple who bought a vacation home for $1 million in 2000 plans to sell it after it has doubled in value and seeks ways to defer capital gains tax. The article discusses options like structured-installment sales using annuities and 1031 exchanges that allow for tax deferral by reinvesting proceeds into similar properties. However, eligibility for tax exclusions varies depending on whether the property qualifies as a primary residence.
Source: YAHOO