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10/05/2016 11:53STATE OF SOUTH CAROLINA.BEFORE THE
PUBLIC SERVICE COMMISSION
OF SOUTH CAROLINA(Caption of Case)
Example: Application for a Class C Charter Certificate from
John Doe DBA Doe\'s LimoTRANSPORTATION
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01
To fill out Form 1031-93 2, follow these steps:
02
Enter the required taxpayer information, such as your name, address, and taxpayer identification number.
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Provide details about the property being exchanged, including its description and fair market value.
04
Indicate the purpose of the exchange and the nature of the property being received in exchange.
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Who needs 1031 - 93 2?
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Form 1031-93 2 is needed by individuals or entities who are involved in a like-kind exchange of property. This form is used to report the exchange to the tax authorities and calculate any gains or losses. Like-kind exchanges are typically used for investment or business properties where the taxpayer wants to defer the recognition of capital gains. It allows them to exchange one property for another without triggering immediate tax consequences. However, it is important to consult with a tax professional to ensure eligibility and compliance with all applicable tax laws.
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