Summary:
A 1031 exchange can be a great benefit for investors. Learn what they are, and how to easily overcome some obstacles to use this tax deferral to your advantage.
A section 1031 tax deferral allows an investor to sell a property, then reinvest the proceeds in a new property and defer all capital gain taxes. Specific conditions for the exchange state that it must be of "like-kind" and must take place within 45 days of the close of the sale. To understand more about how this exchange works, consider the following example:
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