OWNERSHIP & ENTITIES
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TIC
Also called: tenancy in common · tenant-in-common interest
Acronym for tenancy in common.
What it means in practice.
TIC is common real-estate and 1031-industry shorthand for undivided co-ownership of real property.
Why it matters.
Do not confuse a TIC interest with a partnership interest; the legal and tax characterization matters.
Additional notes.
TIC is common real-estate and 1031-industry shorthand for undivided co-ownership of real property.
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