‘I’m running out of time’: I sold my $300,000 rental property at a $75,000 loss. Should I buy another one to avoid taxes?

“The author recounts selling a $300,000 rental property for $225,000, realizing a $75,000 capital loss and facing a looming deadline to reinvest the proceeds to offset taxes via a like-kind exchange. The piece highlights confusion over the timing rules, the role of a CPA, and the potential tax benefits of a 1031 exchange versus a standard loss deduction. Expert Analysis: While a 1031 exchange can defer tax liability, recent legislative changes limiting like‑kind exchanges to real property and tightening timelines make swift professional guidance essential. Investors must weigh the opportunity cost of holding cash against the complexity and risk of missing the exchange window, especially in a tightening credit environment.”