1031 Exchanges and Five Common Misconceptions
There remain deep-rooted misconceptions about Section 1031 of the Internal Revenue Code.
A 1031 Exchange, also known as a tax-deferred exchange, is a common, fairly straight forward strategy that affords significant tax advantages to commercial property owners. Thanks to IRC ยง 1031, real estate investors may sell or relinquish certain qualified property, reinvest proceeds from that property and acquire a replacement property, pursuant to certain time limitations and other regulations. To put…
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