Can You Do A 1031 Exchange On A Quick Flip?
Article by Al Aiello, CPA, MA Taxation The answer is yes, provided you know the law in depth and plan accordingly. But first some background. A 1031 exchange is a great way to create wealth by saving substantial taxes on the sale of investment property by reinvesting the untaxed sales proceeds in a replacement (investment) property within the IRS requirements of Section 1031 including the...
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