There are several ways to reduce or eliminate capital gain tax: tax deferred exchanges under IRC Section 1031; charitable remainder trusts under IRC Section 644; and, of course, the great loophole - death - which provides (for appreciated property0 a step-up in basis to the date of death fair market value.
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Tax Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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