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SHOULD I SELL, OR SHOULD I DO A 1031 TAX EXCHANGE |
| If you are an investor in Lee's Summit, Blue Springs, Independence, or the entire Metro Kansas City Missouri area you will come to a point of selling your investment property. The question is, "Do I Sell, or Do I exchange". There are many options available to you that you should carefully consider. The following pages should answer some of these questions. A 1031 Tax Deferred Exchange is a simple, strategic method for selling one qualifying property and the axquisition of another qualifying property in a specific time frame. |
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Why should I exchange? |
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Any property owner or investor who expects to buy a replacement property subsequent to the sale of his existing property should consider an exchange. If you don't exchange, you might have to pay the capitalgain tax. These taxes could be upto 30%! In other words, when purchasing a replacement property without doing an exchange, your buying leverage is actually 70-80% of what it could be. |
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