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In order to qualify for like-kind (1031) exchange treatment, the property must be held for productive use in a trade or business or for investment.
See https://www.law.cornell.edu/uscode/text/26/1031
The IRS also provides a safe harbor for such exchanges.
In order to qualify for like-kind (1031) exchange treatment, the property must be held for productive use in a trade or business or for investment.
See https://www.law.cornell.edu/uscode/text/26/1031
The IRS also provides a safe harbor for such exchanges.
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