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1031 Exchange Explained


1031 Exchange Explained

The IRC section 1031 or 1031 exchange is an effective tax deferral strategy available to taxpayers. This code allows for a rollover of equity of like investment properties, through a 1031 exchange, to take place without requiring the payment of capital gains taxes on the initial investment. The theory behind IRC section 1031 is to allow the property owner to reinvest the sale proceeds into another investment property, foregoing any economic gains that may have been realized from the sale. If you have recently sold, or are thinking of selling investment investment property, we can assist in matching you with a qualified TIC advisor. A TIC advisor can help you explore your 1031 exchange options. Contact us today for a free consultation.

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