1031 Exchange Explained
1031 Exchange Explained
Internal Revenue Code provides that no gain or loss will be recognized on the exchange of any type of business use or investment
income property for any other business use or investment income property. This means that a 1031 exchange is a rollover of equity of like income properties, rather than an avoidance of tax and allows for the transaction to take place with full tax benefits attached. More importantly, completing a 1031 exchange with a
tenants in common interest ownership in an
income property allows property investors not only to defer their capital gains taxes,
but also to upgrade their
income property investment into larger, institutional-grade income properties.
If you recently sold an investment
income property or you’re considering selling,
we can match you with a 1031 realtor that can help you explore your 1031 exchange options. Contact us today for a free consultation.