Tax 1031
March 15th, 2010
Question: Are there any tax advantages for the seller of a property, who is not exchanging, in a 1031 exchange?
Answer: No, nobody actually has a tax advantage in a 1031 exchange. The person who is exchanging one property for another similar property (to qualify for the 1031 exchange) is only postponing the taxes on the gain(s).
Highlight sheet scores through March 4
• Each week’s complete list of highlight sheet scores are currently appearing on the bottom of the Sunday Bowling Page. So, if you notice that your league’s highlight sheets are not appearing, please contact your league secretary. Thank you.
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Tags: 1031, exchange, realestate, tax, tax 1031 exchange, taxes, turbo tax 1031 exchange