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.
4 Tax Benefits of a 1031 Real Estate Exchange
There are significant tax benefits when you take advantage of a like kind exchange using a 1031 tax deferred real estate exchange. Find out how to use replacement properties and turnkey investment properties for your 1031 exchange