Section 1031 exchange refers to an IRS tax code that allows individuals and businesses to reduce their tax liabilities when selling certain property. A 1031 exchange, also known as a like kind exchange, has many nuances. In this article, we’ll dive into the details of 1031 exchanges, including what they are, how they work, and…

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Source: http://fitsmallbusiness.com/1031-exchange-like-kind/

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