Finance
A Nebraska property investor who uses a 1031 exchange can defer capital gains taxes by:
AExchanging real property for any other type of investment
BExchanging 'like-kind' real property for other investment real property within strict time limits✓ Correct
CExchanging Nebraska property for out-of-state property only
DDonating the property to a non-profit and reinvesting the proceeds
Explanation
A 1031 (like-kind) exchange allows investors to defer capital gains taxes by reinvesting the proceeds from the sale of investment property into another like-kind (real) property within 45-day identification and 180-day closing deadlines.
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