Foreign investment property does not qualify.
Unless the debt reduction is replaced with cash, you pay tax on the debt reduction and you have no funds from the exchange with which to pay the tax.
You pay tax on proceeds not reinvested.
Real property has unforeseen pitfalls and after forty-five days you cannot add an identification. 45 day identification period
The ink is free and with real property certainties can become disasters with a surprise survey or environmental report.
Reading it clarifies what you have learned.
Only real "like kind" property qualifies for replacement property.
Do this and you lose the benefits of the exchange!
Do this and you lose the benefits of the exchange!
Time is important. Exceed this time limit and you lose the benefits of the exchange!
Do this and you lose the benefits of the exchange!
Do this and you lose the benefits of the exchange!
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