Your client exchanged one property for a similar property and did not have to pay capital gains

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Your client exchanged one property for a similar property and did not have to pay capital gains taxes that year. How did he do this?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 16, 2024 07:12 AM

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Your client exchanged one property for a similar property and did not have to pay capital gains

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Your client likely utilized a taxdeferred exchange commonly known as a 1031 exchange to defer capital gains taxes on the exchange of one property for ... View the full answer

Income Tax Fundamentals 2013

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