finance tips: 1031 Exchanges Explained
- 02/07/18 01:06 PM
1031 Tax exchanges represent a great opportunity for investors who want to increase their income potential without increasing their out-of-pocket taxes. A 1031 exchange, also known as a like-kind or Starker exchange, is a process that allows a property owner to sell one or more properties and transfer that equity to one or more replacement property while deferring any capital gains taxes on the profit. The sale and purchase must be properly structured and there are very specific requirements that must be followed for the sale transaction to qualify for tax deferrment under Section 1031 of the Internal Revenue Code. Property used primarily … (2 comments)
1031 Tax exchanges represent a great opportunity for investors who want to increase their income potential without increasing their out-of-pocket taxes.
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