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reverse exchange |
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reverse exchange A tax-deferred exchange in which the taxpayer acquires the replacement property before selling the relinquished property. See 1031 exchange. (It is far more common to sell a property and then begin looking for a replacement property to take advantage of Section 1031 of the Internal Revenue Code.) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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