Re:We are publishing the tax secrets of the .001%
by yourapostasy on Tuesday June 08, 2021 @01:59PM
(#27438628)
> For large residential buildings in California, I’ve heard that apartment owners will essentially swap buildings for some kind of tax advantage.
You might be thinking of the federal-level 1031 exchange [1]. California’s particularly distortive Prop. 13-based market has led to a separate Prop. 60 tax base exchange mechanism that might also fit what you saw [2].
You might be thinking of the federal-level 1031 exchange [1]. California’s particularly distortive Prop. 13-based market has led to a separate Prop. 60 tax base exchange mechanism that might also fit what you saw [2].
[1] https://www.investopedia.com/financial-edge/0110/10-things-t...
[2] https://www.bosinvest.com/blog/tax-planning/dreaming-of-down...