( The following is an excerpt from our 1031 Advisor newsletter located here )
Recently, we have handled several exchanges for clients who currently operate or previosly operated as C Corporations. C Corporations is short hand for corporate entities that are taxed separately from their owners.
Certain issues come up repeatedly in analyzing the tax impact of property sales. What tax rates will apply to gain from the sale? Should Section 1031 be used to defer taxation? Here is a short primer to take to the beach this summer on these taxable gain issues.
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