Category: News Tags: 1031 exchange 1031 exchanges blog | Posted by 1031taxexchanges 1193 days ago
Before you move to sell, you should carefully considerable the possibility of instead making a 1031 exchange. That's right; section 1031 and the indefinite tax deferral it grants apply not only to the buying and selling of property, but also to personal property, including - you guessed it - classic cars. Though this tactic is widely used in the real estate business, it is a tremendous blessing to car collectors, who face significantly higher capital gains liabilities on their transactions.

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