1031 Exchange, Interest Free No-Term Loan from the Government?

What is a 1031 exchange?

Under section 1031 of the Internal Revenue Code, a real property owner can sell his property and then reinvest the proceeds in ownership of like-kind property and defer the capital gains taxes. To qualify as a like-kind exchange, property exchanges must be done in accordance with the rules set forth in the tax code and in the treasury regulations. The 1031 exchange can offer significant tax advantages to Las Vegas real estate buyers. Often overlooked, a 1031 exchange is considered one of the best-kept secrets in the Internal Revenue Code. Continue reading 1031 Exchange, Interest Free No-Term Loan from the Government?

Tags: , , , , | E-Mail This Post/PageEMail This Post | Print This Post/PagePrint This Post | Comments

Google