corinne91
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12-07-2019
04:37 AM
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Best Answer Click here
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TaxMonkey
Level 8
12-07-2019
04:37 AM
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If it is not the same or more expensive then there will be taxable boot on the transaction. You can do a 1031 exchange for like kind assets regardless of price, but the less gain you defer the less that its worth the hassle. Most people try to defer all of the gain.