Which of the following is not true when it comes to asset appreciation?
A) It is taxed at your capital gains rate if property is held for more than one year
B) If you sell property and buy a like property,the IRS allows you to reinvest 100% of the equity
C) Capital appreciation is different between the selling price and the purchase price
D) It is a great way to build your real estate portfolio without paying taxes on gains until liquidation
Correct Answer:
Verified
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