MI Real Property Blawg
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MI Real Property Blawg. Tuesday, December 8, 2015. Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free. A Like-Kind 1031 Exchange can. By Leslie.CONTENT
This web page miprb.blogspot.com states the following, "Tuesday, December 8, 2015." We saw that the webpage said " Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale." It also said " IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free. A Like-Kind 1031 Exchange can."SEEK SIMILAR DOMAINS
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