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 § 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…
