If selling rental property and buying a like property,the IRS allows you to reinvest ________ of the equity from the sale of the property to a like property within 45 days of the sale,thus deferring the gain.

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The IRS allows you to reinvest 100% of the equity from the sale of the property to a like property within 45 days of the sale, thus deferring the gain. This is known as a 1031 exchange.

If Selling Rental Property and Buying a Like Property,the IRS