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1031 Exchange: San Francisco, CA Tax Lawyer Robert Wood
Even if you know no other tax code section, you likely know Section 1031. It's the ubiquitous provision allowing swaps of one business or investment asset for another without tax. 1031 is bandied about by realtors, title companies, investors and soccer moms. Some people even make it a verb, a la FedEx, as in: "Let's 1031 that building for another."
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