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URL:  http://boards.fool.com/one-small-item-you-have-to-be-exchanging-for-15699260.aspx

Subject:  Re: 1031 like kind exch. Date:  9/6/2001  3:48 PM
Author:  jailleres Number:  53895 of 121180

One small item: You have to be exchanging for property that is depreciable. If you are exchanging for vacant land, I think you would have to pay depreciation recapture no matter what your new basis is.
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