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1031 exchange

TEN-THIR-tee-WUN eks-CHAYNJ

tɛn θɜːrti wʌn ɪksˈtʃeɪndʒ

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Syllable breakdown

tenthirtyoneexchange

Dictionary meaning

US tax provision allowing real estate investors to defer capital gains taxes when selling a property by reinvesting proceeds into a like-kind property within set timelines

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