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Avoid capital gains-exchange

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Uploaded by on Mar 19, 2010

Avoid capital gains-exchange
Lorie Balzar of www.BasicsOfRealEstateInvesting.com You are probably aware of that when you sell your investment in real estate you will have to pay capital gains on any profit you make. However there is a way to avoid getting taxed on your capital gain by the 1031 exchange. This is a policy where you can exchange your capital gain and invest it in another property without having to pay capital gain on it. I must warn you that there are rules that have to be followed when using 1031 exchange. When you use this tax strategy it can benefit you big time.

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