Hello, me and my hubby are planning to sell a very nice rental. Just renovated it and wanted any advice on avoiding the HUGE tax bite on the proceeds about $300K. Based on conversation with our tax preparer, the bill is going to be over 60K (Fed, VA and MD (our home state) after the recapture of depreciation over the last 15 years. We are not looking at buying another investment property. Our financial guy suggested an REIT, however, it seemed rather complicated and only appears to postpone the tax bill. Then we learned that depositing the proceeds to an IRA means we'll be paying taxes again when we draw on the distribution. Seems as if we can't avoid the bite. Any thoughts? --174.193.xx.xx