rental income property when sold? I need creative ways.? Thank you. 1. Purchase another investment property. 2. Purchase my parents home & we own the property together--joint title.

You should go to a local tax consultant about this. These are a variety of ways to do this, but each jurisdiction will work a little diffrently. Tax law in the united states is very screwy, and only a professional would know the bast way to proceed in your case.I'm sorry i dont have a better answer, but any information from this site on this matter would be highly suspect.

two words. 1031 exchange.

1031 tax deferred exchange of like properties. You will need a 1031 exchange specialist.