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