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Financial Planning / Tax Strategies


Subject:  1031 like kind exch. Date:  8/29/2001  8:10 AM
Author:  FatCat123 Number:  53651 of 127549

In doing this transaction is the depreciated value of the exchanged property transferred to the new property? Example: I sell for 200,000 a property that cost 100,000, it has been depreciated to 30,000 if I purchase a property for 100,000 it should be a tax deferred purchase with a basis of 30,000?
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