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  2. Internal Revenue Code section 1031 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    Section 1031 (a) of the Internal Revenue Code (26 U.S.C. § 1031) states the recognition rules for realized gains (or losses) that arise as a result of an exchange of like-kind property held for productive use in trade or business or for investment. It states that none of the realized gain or loss will be recognized at the time of the exchange.

  3. Why your property taxes may still increase under Missouri’s ...

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    Recent updates to Missouri’s property tax freeze program for seniors have made many more homeowners eligible for the program.. But state laws and county-level policies mean that even if you are ...

  4. Like-kind exchange - Wikipedia

    en.wikipedia.org/wiki/Like-kind_exchange

    Like-kind exchange. A like-kind exchange under United States tax law, also known as a 1031 exchange, is a transaction or series of transactions that allows for the disposal of an asset and the acquisition of another replacement asset without generating a current tax liability from the sale of the first asset.

  5. In this town of 44,500, property taxes account for about half of Salem’s revenue with a rate of 14% per year. A $200,000 home would result in an annual tax bill of $28,000. A $200,000 home would ...

  6. Taxation in Missouri - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Missouri

    Taxation in Missouri primarily takes the form of income taxes, sales taxes, and property taxes. The Missouri Department of Revenue administers and collects the income and sales taxes, including local sales taxes, whereas property taxes are entirely administered by local jurisdictions. In addition to the aforementioned taxes, excise taxes are ...

  7. Missouri legislators work to fix 2023 law freezing property ...

    www.aol.com/missouri-legislators-fix-2023-law...

    A 2023 law gave Missouri seniors the opportunity to freeze their property taxes. New legislation hopes to clarify how it will work. Missouri legislators work to fix 2023 law freezing property ...

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