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2 replies

dascpa
dascpa
Level 11
March 25, 2022

Read the rules on Sec. 1031, doesn't apply to personal property anymore.

    IRonMaN
    IRonMaN
    Level 15
    March 25, 2022

    Unless it's real estate there is no such thing in the eyes of the IRS.  You treat it as a sale of the asset.

    Slava Ukraini!
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