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Legally Defer Paying Capital Gains Tax

Did you know that under the right circumstances you can legally avoid paying capital gains tax on proceeds from the sale of real property? As a general rule, under Internal Revenue Code Section 1031 you are not required to recognize a gain or loss when you exchange real property held for productive use in a trade or business, or for investment, if such real property is exchanged for real property of like kind. https://www.irs.gov/businesses/small-businesses-self-employed/like-kind-exchanges-real-estate-tax-tips

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