Tag: Y Combinator
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How to Conduct a 1031 Exchange to Defer Capital Gains Taxes
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Changes to the Law in 1984 In 1984, Congress amended some of the 1031 exchange laws in the Tax Reform Act. Specific types of qualified properties were defined, and personal residences were not included. The potential replacement property must be identified within 45 days, including weekends and holidays. Generally, you…