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Like-Kind Exchanges Under IRC Section 1031 - Internal …

Like-Kind Exchanges Under IRC Section 1031 - Internal …

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taxpayer exchanges for like-kind property of lesser value. This fact sheet, the 21. st in the Tax Gap series, provides additional guidance to taxpayers regarding the rules and regulations governing deferred like-kind exchanges. Who qualifies for the Section 1031 exchange? Owners of investment and business property may qualify for a Section 1031 ...

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