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Originally Posted by chowda
u lucky americans with ur non taxable flipping income "if bought a similar or bigger property within 6 months" jerks 
i admit, im jealous for that "loophole" |
1031 exchange ... no loop hole. not non taxable. tax defered you will pay the gain one day, or your heirs will.
only tax exemption on real estate sales is if you live in the property for 2years and then sell it within 3 years after you move... you don't pay on captiol gains up to 500K or some shit like that.