1031 Exchange Explained
1031 Exchange Explained
The IRC section 1031 or
1031 exchange is an effective tax deferral strategy available to taxpayers. This code allows for a rollover of equity of like investment properties, through a 1031 exchange, to take place without requiring the payment of capital gains taxes on the initial investment. 1031 Exchanges are typical sales and purchases that involve the same exact ingredients as any other sale or purchase, without the capital gains. The only real difference is the
property owner is increasing his or her selling and buying power by electing to rollover their investment into another like kind
1031 exchange property. No other aspects of the transaction are affected.
Contact us if you are interested in retaining the wealth of your
investment property investment and we will match you with a qualified
TIC advisor in your area.