Amanda1248
Level 1
05-01-2020
10:43 AM
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These aren't traditional houses. He had less than a 1% interest in a massive complex in Florida. He pretty much exchanged his property for a different one with a higher percentage. He did the exchange within the same company that manages these mega complexes (for lack of a better term). Because of the % of ownership they made sure that the properties exchanged with no gain or loss.