Like-Kind Exchanges (Part 1 of 2) May13

Like-Kind Exchanges (Part 1 of 2)

Deferring the recognition of income taxes under IRC Section 1031 was the rage in the real estate boom years.  While the real estate market has cooled it is still important to know about like kind exchanges (“1031 Exchange”).  First, you or some of your Clients may own properties that were acquired in a 1031 Exchange. Second, de...

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