flip houses: Benefits Of 1031 Exchanges In Virginia
- 01/14/15 02:30 AM
A 1031 exchange is a method for deferring taxes when selling one property and purchasing another. It applies to real estate used for business or investment purposes. When executed properly, it may result in dramatic savings. This blog details the benefits of 1031 exchanges in Virginia. Types of Properties that Qualify You must own a qualified property in order to consider a 1031 tax deferred exchange. Qualified properties are those used in a business or for investment purposes. They may be rental, land, residential, industrial, and commercial real estate. You must also purchase new like-kind real estate that also meets the … (0 comments)
A 1031 exchange is a method for deferring taxes when selling one property and purchasing another. It applies to real estate used for business or investment purposes. When executed properly, it may result in dramatic savings. This blog details the benefits of 1031 exchanges in Virginia.
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