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<p>[QUOTE=&quot;Barney McRae, post: 26134011, member: 150594&quot;]It really kind of sucks, but that didn&#039;t used to be the case. It used to qualify as a Section 1031 tax free exchange. Under the Tax Cuts and Jobs Act,&nbsp; of 2017, Section 1031 now applies only to exchanges of real property and not to exchanges of personal or intangible property.</p><p><br /></p><p>That being said, this transaction happened 10 years ago? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />&nbsp; But once again, cash is king, it never happened. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p><br /></p><p><br /></p><p><img src="https://i.imgflip.com/3o6xso.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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