Question:
A 1031 exchange allows resident and non-resident United States to defer capital gains and recaptured depreciation taxes When exchanging real or personal property held for productive use in a trade, business, or for investment for like-kind real or personal property held for productive use in a trade, business, or for investment. The tax otherwise paid in a traditional sale is deferred indefinitely until the replacement property is sold or another 1031 exchange is initiated.
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1031 Exchange
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