Real Property Utilization & Disposal

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There are a number of rules to know when finishing a 1031 trade regarding the acquired property and the timetable involved. Be positive to do your homework (or search qualified advice) before beginning the process. As we just saw, the depreciation deduction could make a big dent in your tax bill. The caveat is that when a commercial property is bought, the IRS primarily takes that tax profit again by way of a tax often known as depreciation recapture.
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