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Real Estate > Chapter 17 taxation of home ownership > Flashcards

Chapter 17 taxation of home ownership Flashcards

1
Q

What is the number one rule in real estate

A

Don’t give tax advice

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2
Q

1031 tax-deferred exchange

A

Investors makes change properties and avoid immediate tax

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3
Q

What is a boot

A

Any cash or item of value received from the sale is considered boot and is taxable

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Real Estate (20 decks)

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