texasredneck
Established Member
Joined: Dec 22, 2010 15:24:32 GMT -5
Posts: 422
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Post by texasredneck on Feb 18, 2013 18:07:34 GMT -5
Are tax free like kind exchanges still permited under code 1031.
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mwcpa
Senior Member
Joined: Jan 7, 2011 6:35:43 GMT -5
Posts: 2,425
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Post by mwcpa on Feb 18, 2013 18:10:51 GMT -5
yes...
they are NOT tax free....
1031 is a tax deferral tool.....
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texasredneck
Established Member
Joined: Dec 22, 2010 15:24:32 GMT -5
Posts: 422
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Post by texasredneck on Feb 18, 2013 18:28:51 GMT -5
mwcpa
Thanks for the reply.
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