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#6
08-16-2004, 09:47 PM
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Re: Non car?- Rental property trade instead of selling
Pantera, it is possible to do a 1031 Tax Deferred Exchange. You have 90 days to identify the replacement property and 180 days to close. You need to find a tax deferred exchange intermediary in your area , possibly in the phone book or ask your tax advisor. You have to make sure you are dealing with someone who specializes in these things. All the I's have to be dotted and the T's crossed! They work great! Jim
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