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Category: News View profile Tags: 1031 exchanges 1031 exchange blog | Posted by 1031taxexchanges 1193 days ago

As those in the business know, however, the downside of investing in classic cars or other collectibles is the prodigious capital gains rates that come with their sale. While you can still come out of a classic car sale with a tidy total, you would likely balk at the 28% hit to your earnings that accompanies these transactions.

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