1031 Tax Deferred Exchanges
What Is a 1031 Tax Deferred Exchange?
You may have heard of a 1031 tax deferred exchange, but not really understand what it means. The 1031 exchange refers to a section of the Internal Revenue Service (IRS) code that allows the capital gains tax for some properties to be deferred when like-kind properties are exchanged. This allows you to avoid capital gains tax in a legal way. Instead of paying a tax on the property, you can use the increase in value to expand your investments as you exchange them for higher price investments. ... (Read more)
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