What are the benefits of using a 1031 exchange?

A 1031 exchange, also known as a tax-deferred exchange or like-kind exchange, is a provision in the U.S. Internal Revenue Code that allows investors to defer capital gains taxes on the sale of certain types of property when they exchange it for another similar property. Here are some benefits of doing a 1031 exchange: Tax… Continue reading What are the benefits of using a 1031 exchange?