Properties Used in Your Trade or Business
You can also acquire and use a property or asset in your trade or business and it will qualify for tax-deferred exchange treatment. You might acquire a commercial office building (real estate) to operate your business from, or you may acquire a large piece of machinery or manufacturing equipment (personal property) to produce or manufacture your product. Properties or assets used in your trade or business will qualify for 1031 exchange treatment.
EXETER 1031 EXCHANGE SERVICES, LLC
Steven W. Monk
Vice President and Regional Manager
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