Legal Question in Business Law in Illinois

501c3

If the church purchases a home and later decide to move, can we sell and use the proceeds toward the next house?


Asked on 1/15/09, 8:18 pm

1 Answer from Attorneys

Thomas Moens Moens Law Offices, Chartered

Re: 501c3

There is a lot more information an attorney would need to give you an answer to this question. Have you looked into a 1031 exchange?

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Answered on 1/16/09, 9:20 am


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