SELLING A PIECE OF PROPERTY

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MY PARTNER AND I ARE SELLING A PIECE OF PROPERTY. I'D LIKE TO KNOW IF WE CAN TAKE A PORTION OF THAT SALE AND PROTECT IT FROM CAPTIAL GAIN TAX ? :)

Comments(0)

  • nebulousd17th March, 2004
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    One way is to do a 1031 exchange.

    Your second option is to release the CAPS LOCK button on your key board. Your post might get deleted if the title is in all CAPS....and writing in all CAPS makes it harder to read the post.

  • DS13117th March, 2004
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    Thanks for the help.

  • DaveT17th March, 2004
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    I'm not sure that you gave enough information to get a definitive response. Certainly, 1031 is a possible course of action, but under certain circumstances your property is not eligible to participate in a 1031 exchange.

    Why not post your income tax question in the Tax Strategies forum where it would receive a more thorough discussion.

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