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A comment on The Shock of Sweden's Housing Market Is Hitting the Country's Currency. Parent comment

Re:The Shock of Sweden's Housing Market Is Hitting the Count... by patrickg_zill on Wednesday November 15, 2017 @03:11PM (#15707326)
My understanding was that you can avoid all capital gains taxes via "1031 like kind exchange": you sell your house, buy one elsewhere for about the same amount, and pay no capital gains taxes?
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Re:The Shock of Sweden's Housing Market Is Hitting the Count... by mercutio2 on Wednesday November 15, 2017 @07:53PM (#15709433)
1031 is only for business property. Specifically doesn’t apply to primary residence.

But CA Prop 60 allows Californians over 55 to downsize their house and maintain the same tax basis they had before the exchange, which very well might apply here, although IIRC it has weird county by county restrictions.

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Re:The Shock of Sweden's Housing Market Is Hitting the Count... by secabeen on Wednesday November 15, 2017 @07:44PM (#15709386)
That only works for business property.
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