Realty Investors
:
What is a 1031 Exchange?
1031 Exchanges Capital gains Real Estate tax deferment
Under section 1031 of the Internal Revenue Code, a real property owner can sell his property and then reinvest the proceeds in ownership of like-kind property and defer the capital gains taxes. To qualify as a like-kind exchange, property exchanges must be done in accordance with the rules set forth in the tax code and in the treasury regulations.
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