Best way to minimize tax on the sale of inherited property (2-3 million)

I inherited property in 2021 and based on the market in my area will get somewhere between 2-3 million. At first, I thought about a 1031 exchange but I'm not sure I want to be a landlord. Is there anything else I can do? Also, is there any benefit to transfer it to a LLC before I sell it?

Posted Jun 30, 2025, 3:02 AM UTC

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