Over the weekend, someone posted a comment on an earlier piece involving the City of Vista's Efforts to Assemble an Auto Mall. The comment referred to potential tax advantages to owners facing condemnation, and was probably more timely than the person commenting realized. Here is the main point of the comment:
I have read that Owners forced to sell property though eminent domain have tax advantages on any gain as opposed to if they sell voluntarily.
The comment refers to Internal Revenue Code Section 1033, which provides tax deferral for "involuntary conversions" of ...
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