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Guys... first off you'll need a tax lawyer not an accountant.
Secondly, and I'm sure this was stated before. Capital gains is taxed at 50% of the appreciation. IE $500k appreciation. $250k is actual taxed
Third there's a few ways to help bypass Capital Gain Tax.
1) make it your primary residence as someone said
2)incorporate a company and sell to the company (you end up owning shares of the company while the Inc company will "own" the property
3) now this I'm not sure how it works but there a process called stepped up in basis. Property gets put into trust and the heir gets added as a beneficiary. Once again, not sure how that avoids the tax??
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