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Selling Vacant Land
  I have five acres of land that I am selling. Can I reinvest the proceeds from the sale
of the property, or do I have to pay taxes first?
 
  If you're selling and buying qualified "like-kind" investment property, you might be able to postpone payment of capital gains tax.  TAlk with a CPA or tax lawyer to find out if what you plan would qualify for Section 1031 treatment.
    Edith
Originally published on December 1, 2007
 
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