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1031 VRS 1033

CaptainJack
2007-10-31 02:29

What is the difference between a 1031 and 1033 exchanges?

NewKidInTown3
2007-10-31 14:35

In a nutshell, a 1031 exchange is voluntary. A 1033 exchange allows the taxpayer to defer capital gains when his property is subject to seizure by eminent domain.

CaptainJack
2007-11-01 01:06

Thanks NewKid

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