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Rolling over Profit through Sale of Investment Property

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Sam Site Admin Joined: 21 May 2005 Posts: 281 Location: CALIFORNIA 117.49 Dollars($)	Posted: Wed Apr 07, 2004 4:15 am    Post subject: Rolling over Profit through Sale of Investment Property Investment Property is a real estate, owned with the intention of earning a return from it. The owner does not live in the property. For example, apartment building or a rental house. Related Forum Discussion Finance 90% LTV on Investment properties
helping_user Joined: 31 Mar 2006 Posts: 815 Location: Hawaii 154.76 Dollars($)	Posted: Wed Apr 12, 2006 3:31 am    Post subject: 1031 Tax Deferred exchange on investment property A 1031 tax deferred exchange on investment and income property allows you to roll over the profit from the sale of one investment property to another without being taxed. It is based on three conditions: The net sale price of the relinquish property must be equal to or smaller than the purchase price of the replacement property. The total amount received from the sale of the relinquish property must be used to purchase another investment property. Both the investment properties must be of same type of property.

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