capital gains

[traveller]

I am selling a property that I orignally owned, but have been renting for ten years. I need to talk to someone about captial gains, mainly to try to avoid it. Can anyone point me in the right direction?

 

[Andy Neill]

When my wife sold her rental property, she had another property lined up to buy so the procedes never touched her hands/accounts. There is a specific name for the process (something like a 4015 exchange) but I don't remember what it is.

 

[cdylanwebb]

It is a 1031-Exchange.

 

[Andy Neill]

Precisely!

Thanks.