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Asset Trade

29beckwith
Level 1

How do I trade an asset on Proseries?

0 Cheers
2 Comments 2
dascpa
Level 11

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

IRonMaN
Level 15

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.


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