The 1031 ExchangeMarch 17, 2011
If you are thinking of selling your investment property, you might consider exchanging it for another property and defer paying taxes on any capital gained by taking advantage of Section 1031 of the Internal Revenue Code.
There are timelines and regulations that have to be met in order to complete a successful 1031 exchange that is acceptable to the IRS. So it’s good to work with a REALTOR® who has experience with the process.
The tax deferred exchange has many benefits. It allows for more flexibility with your investments and gives you better control over the value of your portfolio. Be sure to consult with your tax advisor for more information.