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Denver Investment Property
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Deferring capital gain and other taxes
through an IRC 1031 tax deferred exchange is also available for
personal property held for investment or for productive use in a trade
or business. Despite its name, personal property does not necessarily
mean property that is used by an individual in a personal capacity.
Rather, personal property refers to all property, both tangible and
intangible, that is not considered real property. If the sale of such
personal property will result in a gain, the taxpayer may want to
consider an exchange.
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