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To qualify,
you must meet certain requirements:
- The sales
proceeds must be used to purchase real property used in a trade
or business or held for investment.
- All the
proceeds must be invested.
- The purchase
must be of equal or greater value.
- Replacement
property debt (mortgage) must be equal to or greater than the
relinquished property.
It is possible
to purchase multiple properties as long as they comply with the
Rules of Identification.
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