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IRS 1031
IRS 1031 Exchange through the Internal Revenue Code 1031 provides many owners of investment and business properties an opportunity to defer 20% capital gain taxes through the exchange of like-kind properties. Landlord 411 1031 Exchange Center can offer information and resources regarding the IRS 1031 exchange.
There are three basic guidelines set by the IRS 1031 exchange tax deferred treatment. The first guideline being the replacement property purchase price, the second guideline is the replacement property debt and the third guideline addressing the net proceeds held by the qualified intermediary. Our information is not to be construed as tax or legal advice on the IRS 1031 exchange.
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