1031 Exchange

A common real estate practice with origins in the IRS code section 1031, which allows investors to essentially swap one property for another in an effort to defer capital gains taxes. The two properties must be “like-kind” properties and used in a trade or business as an investment. 1031 exchanges must meet multiple other requirements. If executed successfully, however, investors can save large amounts via deferred capital gains taxes, which helps spur ongoing investment.

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