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Yes, what you're referring to is called a 1031 exchange, or "like-kind exchange." This is a provision in the tax code that allows you to defer taxes on the capital gains from the sale of a rental or investment property if you use the proceeds to purchase another rental or investment property of equal or greater value. To qualify for a 1031 exchange, there are specific rules and requirements to follow: 1. Both the property you're selling and the property you're acquiring must be held for use in a trade or business or for investment purposes. You can't use this provision for personal use properties, like your primary residence. 2. The exchange must be facilitated by a qualified intermediary (QI), who holds the proceeds from the sale and uses them to purchase the new property. 3. There are strict timeframes to follow: You must identify potential replacement properties within 45 days after the sale of the relinquished property, and the new property must be acquired within 180 days of the sale. Keep in mind that while a 1031 exchange defers the taxes on the capital gains, it doesn't eliminate them entirely. You'll eventually owe taxes when you sell the replacement property in a taxable transaction. Always make sure to consult with a tax professional to make sure your exchange complies with IRS rules and regulations.