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Reply to "1031 exchange rental property exchanged for something with more PASSIVE income?"
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[quote=Anonymous]I’ve been wondering the same thing, OP. I’d prefer to not take the $100-$200k tax hit on our rental property (due to depreciation clawback) but I’m not earning an adequate return on the property and am sick of managing it. I understand that Delaware Statutory trusts can be used for this. The proceeds have to be received by the trust and I believe it has to go to a single property. Beyond that, I intend to consult a property lawyer before selling. [/quote]
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