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What are the Simplified Rules for a Tax-Free, Like-Kind Exchange?

By madwire / September 11, 2017

If you could sell your property for a gain, the Internal Revenue Code Section 1031 allows you to postpone paying tax on that gain. The requirement: you have to be willing to reinvest the proceeds into a similar property. If you meet all the rules under §1031, this transaction would qualify as a like-kind exchange.…

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