1031 Exchange Explained
1031 Exchange Explained
The IRS 1031 tax code or
1031 exchange is an effective tax deferral strategy available to taxpayers. This code allows for a rollover of equity of like rental properties, through a 1031 exchange, to take place without requiring the payment of capital gains taxes on the initial investment. The theory behind IRS 1031 tax code is to allow the
property owner to reinvest the sale proceeds into another rental property, foregoing any
economic gains that may have been realized from the sale. If you have recently sold, or are thinking of selling investment rental property, we can assist in matching
you with a qualified 1031 realtor. A
1031 realtor can help you explore your
1031 exchange options. Contact us today for a free consultation.