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Transfer tax in a swap of units

Started by LESagent
over 12 years ago
Posts: 2
Member since: Sep 2013
Discussion about
I'm wondering if anyone can shed some light on the tax situation for a swap involving a $500,000 unit exchanged for a $1,000,000 unit plus $500,000 cash. The transaction would take place in New York City and the capital gains would be long term.
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