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1031 Exchange
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Enter New Glossary Term:
"Back Leg" Reverse Exchange
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| Enter Glossary Term Description:
The Exchange Accommodation Titleholder (EAT) acquires and holds title to the replacement property and "parks" this replacement property for up to 180 days, which allows the taxpayer to find and transfer the relinquished property to a third party buyer. The taxpayer can "use" (lease) the property that is parked with the EAT. |
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