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re: I need advice from people who are knowledgeable about managing land
Posted on 6/8/14 at 6:45 pm to wallowinit
Posted on 6/8/14 at 6:45 pm to wallowinit
You can sell all or some of the timber and defer your capital gains taxes via a 1031 exchange.
You would have to re-invest the sales proceeds in anther investment property, but it only needs to be like-kind and considered an investment property.
If you are interested in this, make sure to talk to your accountant and use a qualified intermediary.
You would have to re-invest the sales proceeds in anther investment property, but it only needs to be like-kind and considered an investment property.
If you are interested in this, make sure to talk to your accountant and use a qualified intermediary.
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