Tenants In Common Explained
1031 Exchange Properties
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A tenants in common exchange is a type of 1031 exchange that serves as an alternative to sole ownership of investment property. tenants in common exchanges offer several benefits to the property owner, including deferred tax.IRC Section 1031 allows for the reinvestment of proceeds into any like kind investment property or investment properties. Tenants In Common exchanges forgo any economic gains taxes that may have been realized from such a sale. A qualified TIC advisor can help explain your options with investing in a tenants in common. |
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