Lessons Learned from Years with Investors
Acquiring Expert Help in a Replacement Property
In effect, you can sell a property, use the money from the sale to buy another property, and delay the payment of the capital gain taxes, if you take advantage of IRC Section 1031.
What’s 1031 anyway? The 1031 is something that is being talked about a lot which is being handled naturally by realtors, expert exchange companies, or other experts. A 1031 exchange, which is also called a like-kind exchange, is a swap for one property to another. Most of the swaps may be taxable as a sale, if one swap meets… Read More