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Old 01-23-2015, 12:49 AM
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business for rental property exchange

me and my partner had a video wholesale business together 50/50. we also owned a rental duplex 50/50. we split and my partner got the business and i got the duplex. a zero sum deal. the value for 50% of the business and the duplex was the same. do we owe taxes since the values were identical and no monetary consideration took place.?



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