rental property

[marksericksons]

Is there a way sell my rental property to pay off my primary residence w/o tax implication

 

[ryanlee]

Yes, but you will get unreasonable price for it. It is like a bargain. According to a new report by BankRate dot com, American financial security has decreased to its smallest level since March. In spite of that, many Americans still are not tracking spending and adhering to a budget.

 

[Ron0]

Definitely,you can do that.....

 

[Sophiaw32]

Rental income receives better tax treatment than income earned from wages – you don’t need to pay FICA taxes on rental income, while you do have to pay FICA on wages you get from a W-2 (and double FICA on self-employment income!). It’s almost as if the system is rigged against the working man!