If I sell a rental property and invest in another rental property, will this reduce my capital gains tax?
It depends on whether you make a profit or not on the sale of your rental property as to whether or not it will reduce your capital gains tax. The federal tax law provides minimal exceptions to the rule that taxpayers must pay capital gains tax.
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About Federal Tax
Federal Taxes are administered through the Internal Revenue Service (IRS), a bureau of the Treasury. The US tax code is intended to provide revenue for the federal government. Federal taxes are also for public policy reasons, such as encouraging home ownership.
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