Defering Taxes
Has anyone discussed defering taxes on the leasing of Gas rights via a 1031 exchange or other methods with a knowledgeable tax person? Is it possible?
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Permalink Reply by Shannon McNulty, J.D., LL.M. on
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It is possible to defer capital gains taxes on the sale of natural gas rights through a 1031 exchange, but it does not allow you to defer lease payments. Feel free to contact me to discuss in more detail.
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