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Business owners are usually interested in tax deferment strategies. What does that mean? Well, there are several things you might find both useful and interesting about deferring taxes. There is a type of property exchange, called a 1031 exchange that allows you to swap similar properties while deferring almost all your taxes. Starting with question number one: what `02` exchange properties mean? Well, this type of exchange is also called a like-kind exchange, which will instantly make you think about similar properties. It is defined as a way that allows a person to defer paying the capital g
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ain taxes on a property the moment it gets sold, as long as the other property implied is purchased with the same amount of money obtained from selling the first.

Many people consider 1031 exchange properties a method to defer taxes and nothing more. Yet, the truth is that like-kind exchanges can have many more benefits that you can find extremely useful for your situation. For instance, investing into low-income businesses that require a higher maintenance that you can no longer sustain can be solved by simply swapping that property with one that does not require paying taxes. Other useful benefit of 1031 exchanges would be the fact that you can actually change the location of your business from one place to another, thus avoiding the IRS knocking. Don’t forget about three-party exchanges and get well-informed about what they imply before doing anything else. See below other information about 1031 exchanges that you might find useful:
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