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1031 and the Tax Free ExchangePosted at 11:13 on 2008-Feb-21 in Real Estate
Did you know that if you own investment property - and you sell that property, usually you will have to pay capital gains tax on it? This can be VERY expensive for US investors - but NOT if you use a 1031 Tax Exchange!
This is because the IRC Section 1031 allows investors to defer their capital gains taxes indefinitely by transferring their gain into another like-kind property of equal or greater value. The 1031 exchange is Uncle Sam's gift to the US tax payer - in that it's like an interest free loan that is indefinite. Contact a company to act as your qualified intermediary to successfully facilitate your exchange. <- Last Page | Next Page -> |
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