(This is Part 6 of an eight-part series. See Part 1: Recent changes to the $250,000 home-sale tax exemption; Part 2: Personal-use time determines vacation-home tax break; Part 3: Moving costs beef up real estate tax deductions; Part 4: Homeowners take refuge in casualty loss assistance; Part 5: Real estate investing generates big tax benefits; Part 7: Home-business expenses add up to tax savings and Part 8: 10 most often overlooked real estate tax deductions.) If you own (or want to own) an investment property, it can become the basis for increasing your real estate wealth by making periodic trades up for larger properties. For example, my first tax-deferred exchange was a trade of my little three-unit apartment building for a larger nine-unit apartment building that offered fix-up pr...
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