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1031 EXCHANGE RULES – DEFFERAL CAPITAL GAINS TAX

October 26, 2021 at 11:05 am | Taxes | Creditsinusa1 -

A 1031 exchange is a tax-deferred exchange that the IRS allows on investment property. “Exchange” does not refer to the actual exchange of property between two owners, but to the process of selling one property and buying another. Section 1031 of the Internal Revenue Code governs these transactions, hence the reference to the 1031 Exchange.

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“1031 EXCHANGE RULES – DEFFERAL CAPITAL GAINS TAX”