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Old May 22, 2008, 03:46 PM
MichaelRoss
 
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Default Re: Tax Free Money When You Never Sell
Pete,

Thanks for suggestion Offshore Living

My understanding of the US is... you Also pay tax on Capital Gain. However, if you do a Property Transfer - you'll be reinvesting the profit into more property within 12 months - you don't pay the tax on the Gain.

However, you will still be paying the usual selling and buying costs. Throwing away money you don't have to.

Michael Ross
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