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Will Park, CPA

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Investment Properties Offer Owners an Incredible Number of Tax Saving Opportunities

Posted by Will Park, CPA on Nov 7, 2019 11:32:20 AM

When you sell real estate, you generally have to pay tax on the gain at the time of sale. Section 1031 or a “Like-kind exchange” provides an exception and allows investors in real estate to postpone paying taxes on the gain if the proceeds are reinvested in a similar property as part of a qualifying like-kind exchange. Simply put, you are investing in your future with tax deferred income.

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