What are the benefits of using an exchange?

Benefits exchange
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What are the benefits of using an exchange?

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Section 1031 of the Internal Revenue code provides that tax on the gains from the sale of real or personal property held for investment or business purposes can be deferred if the property is exchanged rather than sold. A ยง1031 exchange is one of the few means available to postpone or even eliminate taxes due on the sale of such properties.

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