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Tech Tips in Arlington Estates : Real Estate Advice

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Sat Jan 5, 2013
Deluxe Realty answered:
In a typical transaction, the property owner is taxed on any gain realized from the sale. However, through a Section 1031 Exchange, the tax on the gain is deferred until some future date (e.g., the future resale of the home you will purchase with the proceeds from the sale of a current property).

To learn more, check out this post:

http://sellstatedeluxe.com/2012/12/21/1031-tax-free-exchange-delay-capital-gains-tax/
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