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1031 Tax Free Exchange
Arguably one of the best benefits of owning investment property is the Internal Revenue Service 1031 Tax Deferred Exchange. This part of the IRS code allows an investor to sell a piece (or pieces) of investment property and take the proceeds of that sale and reinvest it without the normal 20% to 28% capital gains tax. In other words, you can buy replacement property without paying taxes on the appreciation you make on the investment. There are quite a few ins and outs of this program and many ways to plan to integrate this into your future and your goals. Call or email us today if you want to find out more on how this works.
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