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Closing costs are a popular topic when it comes to the sale or purchase of any property, and your 1031 exchange certainly requires a close look at how these costs are allocated. Generally, a properly structured 1031 exchange requires that the Exchanger use the sale pro...

First, Section 121 deals with the IRS rules around the sale of your primary residence whereas Section 1031 deals with investment or business-use property that is exchanged for other like-kind investment or business-use property of equal or greater value.


Section 121 pr...

Section 1031 exchanges must be completed within 180 days after the sale of replacement property. The exception is when the April income tax filing deadline falls within that 180 day period, in which case the April filing deadline trumps the 180 day deadline. In other w...

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