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Florida Real Estate Course
Chapter 19
Florida Real Estate Practice Question
A "Like-Kind Exchange" (1031 Exchange) enables a taxpayer-investor to:
Answer choices
A
Avoid paying property taxes on the new property.
B
Sell a primary residence tax-free.
C
Realize investment appreciation immediately while deferring income taxes until a later date.
D
Use the depreciation from one property to offset the income of a completely different job.
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