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Are you eligible for a 1031 exchange?

Posted by FirstAm Editor on Fri, Dec 20, 2013

If you own an investment property and are looking to sell, you may want to consider a 1031 tax-deferred exchange. This wealth-building tool can help you sell one investment property and purchase another while deferring taxes, including federal capital gains taxes, state capital gains taxes, the recapture of depreciation and the newly implemented 3.8% Medicare Tax, which can significantly increase your buying power.

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Tags: real property, Commercial 1031, tax