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What should a taxpayer do to receive remaining proceeds in a 1031 exchange account after acquiring one of the identified properties within the Identification Period?
What should a taxpayer do to receive remaining proceeds in a 1031 exchange account after acquiring one of the identified properties within the Identification Period? Apply for a special exemption Nothingas the funds are automatically released. Wait until the end of the exchange period. Revoke the identification of all other replacement properties
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
