Discussion:1031 & 179 elections

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Discussion Forum Index --> Advanced Tax Questions --> 1031 & 179 elections
Discussion Forum Index --> Tax Questions --> 1031 & 179 elections

Bethsymons (talk|edits) said:

10 April 2009
Can you take an IRC 179 election on property involved in a 1031 exchange (vehicle)?

Riley2 (talk|edits) said:

10 April 2009
No Sec. 179 is allowed on the exchange basis, but it is allowed on the excess basis.

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