How to Decide if a 1031 Exchange is Right for You
A 1031 exchange is the act of making a likekind trade of two assets using certain IRS 1031 exchange rules. Under certain conditions
1031 Exchange Basics
When an investor sells investment real estate for a gain, capital gains tax is due in conjunction with the sale. A 1031 real estate exchange, sometimes known as a 1031x or a tax-deferred, like-kind exchange, offers investors the opportunity to defer payment of capital gains taxes on the turnkey investment property gains under certain conditions by exchanging, or purchasing, like-kind replacement properties.