US EditionTop 5 Mistakes in 1031 Exchanges
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Top 5 Mistakes in 1031 Exchanges
Avoid these 5 costly mistakes in 1031 exchanges to defer capital gains taxes successfully: Not Setting Up the Exchange Before Selling Always hire a qualified intermediary (QI) before selling your property. If you receive the sale proceeds directly, your transaction becomes taxable. Missing the 45-Day Deadline You have only 45 days after selling to identify replacement properties. Missing this strict deadline disqualifies your exchange. Property…
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