Archive for September, 2016

Avoid Paying Sales Tax When Selling Investment Properties

One downside to acquiring investment property is that when you are ready to sell the property and make a profit, the gains made from the sale are taxable. There is a way around this, however. If you purchase a replacement property, it may qualify as a nontaxable exchange according to Section 1031 of the Internal Revenue Code. If you regularly acquire investment properties, this is a readily available process. If ...

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