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Phrases with «replacement property»

The phrase "replacement property" refers to a piece of real estate that is acquired in exchange for another property that was sold or exchanged. It is often used in the context of a 1031 exchange, where an investor sells their property and uses the proceeds to purchase a replacement property to defer paying taxes on the capital gains. Full definition

Related phrases

Sentences with «replacement property»

  • The second and third identified properties are merely identified as back - up like - kind replacement properties in case you can not acquire the first property. (exeter1031.com)
  • It's important to note, you can add additional cash into the acquisition of replacement property. (profitfromrentals.com)
  • The second scenario is virtually identical to the first scenario except that you acquired the investment property as your like - kind replacement property in a prior 1031 exchange transaction. (exeter1031.com)
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