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Vacation-Second Homes and 1031 Exchanges

Is it possible to apply a 1031 exchange to defer taxes on gains on vacation-second homes property — a beautiful home in the country, a cozy cottage on a lake, a gorgeous condominium on the ocean, or a rustic cabin in the mountain? The answer is “yes”...

THE “BUNDLE OF RIGHTS” AND SECTION 1031

What is the Bundle of Rights Theory? If you were to scrape off the outer covering of an electrical cord to your TV set, you would find a number of intertwined electrical wires.  You, the owner of the TV set and its attached electrical cord, would own all of the...