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Using The 1031 Exchange to Zero Out Taxes on The Sale of Your Property
WHAT IS A 1031 EXCHANGE?
Briefly stated, a 1031 exchange is a legal IRS provision that allows a property owner to avoid taxes on the sale of their investment/business real estate by acquiring another like-kind investment/business property within certain IRS requirements & time limits.
BEWARE OF TAXABLE GAIN ON PERSONAL PROPERTY UNDER REVISED 1031 EXCHANGE RULES