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  • 2). 1031 Tax Exchange – Frequently Asked Questions  By : Nationwide1031
    After years of conducting tens of thousands of successful 1031 exchanges, we found that there are a number of frequently asked questions related to this type of transaction… Equity and Gain Is my tax based on my equity or my taxable gain? Tax is calculated upon the taxable gain. Gain and equity are two separate and distinct items. To determine your gain, identify your original purchase price, deduct any depreciation which has been previously reported, then add the value of any improvements which have been made to the property.
    Article Related to: 1031, tax, exchange, faq, questions, common, frequently, asked, real estate, property



 


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