Investment

1031 Exchange: Converting a Primary Residence to a Rental (repost from Exchange Resources)

(Reposted from Exchange Resources) They say that in life only two things are certain: death and taxes. Savvy investors, however, have been given the means to avoid the latter in certain real estate transactions.  Prior to 2005, real estate was classified as either an investment or a primary residence. Upon the sale of property, different tax breaks were available depending on how the property was...

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