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Filing Your Tax Return After Selling Property in a 1031 Like Kind Exchange: A Hidden Landmine in a Safe Harbor

Amanda: “Can you elaborate as to what constitutes “like-kind” properties ? That is, can a coop seller (where it’s been rented for 3 years) buy a condo? Or a house?” Jerry Feeney: “Good question Armanda. IRS guidelines interpret “like-kind” broadly with respect to real estate, and include coops held in productive use as an investment …

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