selling and buying investment properties: Advantages Of Tax Deferred 1031 Exchanges In Advance NC
- 03/13/15 12:54 AM
A 1031 exchange is a way to delay taxes on the sale of one real estate for another. It applies to properties used for business or investment purposes. When executed properly, it may lead to dramatic savings. This article details the advantages of tax deferred 1031 exchanges in Advance NC. Qualified Property You must have a qualified property in order to consider a tax deferred 1031 exchange. Qualified real estate are those used for a business or for investment. They may be land, residential, rental, commercial, and industrial real estate. You must also buy similar property that is also qualified. Advantages … (0 comments)
A 1031 exchange is a way to delay taxes on the sale of one real estate for another. It applies to properties used for business or investment purposes. When executed properly, it may lead to dramatic savings. This article details the advantages of tax deferred 1031 exchanges in Advance NC.
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