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1031 Exchanges

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Issue:

Business

 

Written by:

George G

 

Date added:

January 2, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

12 / 3350

 

Was viewed:

2199 times

 

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Essay content:

Sometimes it seems that almost anyone who has purchased a house, piece of property, or other real estate type investment has done very well. I personally can point to a few examples where friends of mine have made several hundred times their first home equity investment. In sales of primary homes there is a tax advantage that the IRS permits, as long as the proceeds are invested into another home, the capital gains on your existing home sale are exempt from taxation...
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In sales of primary homes there is a tax advantage that the IRS permits, as long as the proceeds are invested into another home, the capital gains on your existing home sale are exempt from taxation. However, if the property in question is an investment, a capital gain tax is assessed every time there is a sale that includes a gain...
displayed 300 characters

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