Posts Tagged ‘1031’
Six Requirements for a 1031 Exchange
Section 1031 of the IRS Code provides an exception that allows investors to defer paying tax on the gain from a real estate sale if the investor reinvests the proceeds in similar property as part of a qualifying like-kind exchange. The six criteria that must be met for an exchange to qualify under section…
Read MoreWhen and Why to Use a 1031 Exchange
Section 1031 of the IRS code provides a way for investors to defer paying taxes on gains when they sell one investment property and replace it with another. Yet IRS data indicates that less than 3% of investment property sales involve this powerful strategy. Why??? Many investors simply do not have the information they need…
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