Capital gains tax remains the annual gotcha calculation in tax season. You invested wisely, watched your investment increase in value and when liquidated a taxpayer is liable for short and long term capital gains. But what happens when a piece of art is sold and replaced with another piece of art? How does this impact your taxes? I.R.S. Rule 1031 details what qualifies for a like-kind exchange regarding real estate or personal property. How Does the Rule 1031 Work? Simply stated a like … [Read more...] about Investors Consider I.R.S. Rule 1031