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An IRS Gift: Section 1031 Exchanges for Second Home Owners

By: Myles, March 5th, 2008

As reported the Inman News, the Internal Revenue Service has just handed investors and second-home owners a new gift in the form of a safety net that provides a “safe harbor” for taxpayers who wish to swap the property via a Section 1031 tax-free exchange even though they have enjoyed personal use of the property.

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