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Up With Income and Down With Tax Liability

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A 1031 exchange refers to Section 1.1031 of the Internal Revenue Code which was passed in 1990.  Normally, when you sell all real and personal property, the tax code requires the payment of the Capital Gains Tax.  That is to say, when you sell your office for 0,000 more than you bought it for, you … Read more

1031 Exchange ? Trade Real Estate Investments and Defer Taxable Gains

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Inthe summer of 1990, the Internal Revenue Service announced the long awaited rules on Tax Deferred Exchanges. Section 1.1031 of the IRS Code laid out in detail the procedure for turning a sale and purchase type transaction into an Exchange. The revised rules allow owners of certain types of “like kind” real estate to sell … Read more