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The Water Cooler
General Discussion
Got an offer to buy my land today.... Wasn't looking to sell it
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<blockquote data-quote="DPI" data-source="post: 2206101" data-attributes="member: 793"><p>From the internets: Real properties generally are of like kind, regardless of whether the properties are improved or not. So it looks like you can avoid taxes if you purchase any real property within the US within the time frame. I would suspect you need to buy the minimum amount equal to your gain on the property you sell.</p></blockquote><p></p>
[QUOTE="DPI, post: 2206101, member: 793"] From the internets: Real properties generally are of like kind, regardless of whether the properties are improved or not. So it looks like you can avoid taxes if you purchase any real property within the US within the time frame. I would suspect you need to buy the minimum amount equal to your gain on the property you sell. [/QUOTE]
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The Water Cooler
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Got an offer to buy my land today.... Wasn't looking to sell it
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