Bought in 1996 for about 100k. Assuming I use a realtor to sell the place....also how much would I have if I just sold the place and kept the money (I am an unemployed recent graduate so my only income as of yet is from rents (25k a year))... ALSO---> I am planning on using the 1031 to purchase investment property in Austin TX where I can get a far better %return, the problem is that the prop. tax is high (2.75%)...is the prop tax deductable on fed income tax? ALSO...will I have to pay CA state income tax when I sell the prop in Texas?
If
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