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1031 Exchange Year-End Tax Planning
Is it really that time of the year again?  I can remember writing this same post toward the end of 2007 in preparation for year-end 1031 exchange planning back then.  The time flys faster and faster each year, and it is that time again to talk about 1031 exchange planning at year-end. 
Year-End Tax Planning for 1031 Exchanges
I am not going to comment on the Presidential election results right now since the actual results will not affect our discuss about year-end tax planning, unless you have a 1031 tax deferred exchange that fails or will otherwise not qualify for tax-deferred like-kind exchange treatment. The depreciation recapture, capital gain, and other income tax rates for 2009 might be substantially higher now that President-Elect Obama is preparing to take over.
Your 1031 Exchange Fails to Qualify
O.K., enough about the election results for now.  We need to discuss 1031 exchange year-end tax planning for those 1031 exchanges that fail to qualify for 1031 tax deferred exchange treatment.
The real question becomes what do you do when you begin your 1031 tax deferred exchange transaction in the 2008 tax year and your 1031 tax deferred exchange fails to qualify for 1031 tax deferred exchange treatment either ... more

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