Posted by taxguru on September 23, 2004
Sherry has posted another warning for our Realtor clients on how important it is to be aware of when a client should consider disposing of a property as a tax deferred 1031 exchange. It is not an exaggeration to say that sellers who are not informed of 1031s will be upset next tax time and could actually sue the Realtor, and even their tax advisor, for not recommending it.
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Tax Guru - Ker$tetter Letter 