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Avoid Capital Gains Tax!
Thursday, July 9, 2009
Before selling a property, it is important to determine how to keep as much of your profit as possible. One method to avoid paying taxes is to use a IRS section 1031 exchange. When you sell, a trusted third party (called a qualified intermediary) holds your profit until you use it to buy a replacement property. Using the exchange, you need not pay any capital gains at all!
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