Don't Be Scared By The Media: Invest in Real Esate Now
Posted on Oct 31, 2008 under Foreign Currency Exchange | No Comment
Even If we abolish income tax 1031 Exchange will still be a great way to save us a lot of our hard earned money!
Section 1031 of the Internal Revenue Code is the basis for tax-deferred exchanges. The IRS issued "safe-harbor" Regulations in 1991 which established approved procedures for exchanges under Code Section 1031. Prior to the issuance of these Regulations, exchanges were subject to challenge under examination on a variety of issues. With the issuance of the 1991 Regulations, tax-deferred exchanges became easier, more affordable and
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