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.
Do You Qualify for ‘Like Kind’ Property Exchange?
Bartering property by way of a Section 1031 like kind exchange could benefit you. Learn about 1031 exchange properties, turnkey investment properties and replacement properties.
