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Robert J. Bruss. Special to the News. How to avoid tax on rental property sale. DEAR BOB: A friend of mine owns a four-plex that he is willing to sell to me and carry back the mortgage. ... ...
...tests, the entire gain on the sale of the property is subject to tax. Example.. Paul.....your home, partially or completely, as a rental property or for business before the.....the ...
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...I Report the Sale? You report the sale of a rental property on IRS form 4797: Sales of.....sell the rental property because her after-tax cash flow meets her requirements. ...