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1031 Exchanges

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Asher Anthes
  • Charlotte, NC
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105
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Any way around the 1 year rule?

Asher Anthes
  • Charlotte, NC
Posted Jul 17 2012, 04:11

So, I was excited about doing a 1031 for my first flip, but then I read that you have to own the first property for at least a year. Is there any loophole out of this? I want to flip my first house relatively quickly. Are there any other tax laws I can take advantage of to minimize my capital gains tax on a quick flip?

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