kevin594 kevin594

13-09-2018
Mathematics

contestada

What is the number name for 1,031

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lynnessagarcia lynnessagarcia

13-09-2018

Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC Section 1031 (a)(1) states: ... Only $260,000 in net equity remains to reinvest in another property

IDK i really hope this helps

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