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Thank you very much for your response. I worked out form 8824 and base on his sales transaction, he does not qualify for section1031.
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Good morning Lisa and thank you for your response. I don't think he used an intermediary for the sale. Well he did use a realtor.
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I have a client who started building houses for a profit. He sold his first house last year in June and just put for sale his second house this month of July 20...
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Yes, Lisa.
