"Q: Several years ago you gave me valuable information on a 1031 exchange. Now I need information on how long I have to keep the properties I purchased with my 1031 exchange funds. Is the law the same as if I purchased the property straight out? It has been two years since I purchased the property. Is the long-term capital gain still the same?
A: Your timing couldn’t have been better, and when it comes to 1031 exchanges, timing is everything."
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Source: Washington Post
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