1031 exchange is simply a swap of an investment property for another. Since most swaps are considered sales, they are taxed. Meeting the requirement of 1031 will remove or reduce your...
Posted by Elliot Kravitz, ATP on 08/24/2020
Section 1031 of the IRS code slowly creeps into everyday conversation. The term refers to real estate agents, bond companies, investors and football mothers. Section 1031 of the...
Posted by Valderas Financial Solutions LLC on 09/26/2019
You generally pay tax on the gain you make from selling off a piece of investment property at the time of the sale. You then effectively traded one property for another if you use...
Posted by BRIAN PRZYSTUP & ASSOCIATES LLC on 08/28/2019
