What You Need to Know About 1031 Exchanges for Investment Properties in the U.S.
Posted by Rozi Dover on
If you're an investor in real estate, you've likely heard about 1031 exchanges. This powerful tool allows property owners to defer capital gains taxes when selling investment properties, enabling them to reinvest those funds into new properties. However, navigating the specifics of a 1031 exchange can be complex. Here’s what you need to know to take full advantage of this opportunity.
What is a 1031 Exchange?
A 1031 exchange, named after Section 1031 of the Internal Revenue Code, allows real estate investors to defer paying capital gains taxes on the sale of an investment property when they reinvest the proceeds into a similar property. This tax-deferral strategy is often used to build wealth and grow real estate portfolios without the immediate tax…
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