1031 Exchanges: The Basics
Long utilized by savvy real estate investors, 1031 exchanges are evolving as an important tool for main stream real estate consumers. 1031 exchanges are allowed under Section 1031 of the Internal Revenue Code of the United States. The code permits investors to defer capital gain taxes on the exchange of like-kind properties. You should always consult a qualified attorney or tax advisor to determine if or how an 1031 exchange should be used.
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Posted on Monday, June 26th, 2006. Filed under: Real Estate Misc, Real Estate Investing
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