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Money and Finances
Reply to "Minimizing capital gains tax"
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[quote=Anonymous]He can postpone - and perhaps totally escape - cap gains taxes - if he uses the proceeds of sale to you to invest in another property via a 1031 "tax feee exchange." (How would he escape cap gains taxes totally? Hold the replacement property until his death - at which time his basis in the new house would be marked up to its market value as of the date of his death.)[/quote]
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