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Michelle Olmstead

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Did you know you could trade your business for another? What are the benefits of a 1031 Exchange?

In a traditional sale, an owner traditionally recognizes a gain, taxed at either regular or capital gains rates.  If a seller chooses to exchange a business or investment property for another business or investment property of a like-kind, no gain or loss is recognized under Internal Revenue Code Section 1031. There are several types of [...]

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