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I recently bought 13 acres of land from VandeWater & Associates in Edwards, NY. I couldn't have been more pleased and satisfied with my dealings with Mr. (Bob) Daniels. Everything was ... Read
- Joseph J. McConnell |
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What is a 1031 Exchange? |
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| Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment. A tax deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of like-kind, while deferring the payment of federal income taxes and some state taxes on the transaction. |
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