 1031 Exchanges
A tax-deferred exchange, defined in Section 1031 of the Internal
Revenue Code of 1986, is widely known among investors as a great way
to build wealth and save on taxes. A tax-deferred exchange is a
transaction in which an owner of a property sells one property and
acquires another property without paying any taxes. When properly
executed, the tax consequence is moved forward into the new
property.
Completing an exchange, an investor, otherwise known as the
exchanger, can sell their investment property, use all of the equity
to acquire replacement investment property, and defer the capital
gain tax that would ordinarily be paid and virtually put all of
their equity into the replacement property. To defer the capital
gain tax, the exchanger must acquire “like-kind” replacement
property and the exchanger cannot receive cash or other benefits. In
any exchange, the exchanger must enter into the exchange transaction
prior to the close of the relinquished property.
A 1031 exchange is a great investment technique for real estate
properties. Contact us today for more information about 1031
exchanges, as well as other real estate opportunities. |
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Please click on the following links for more
information:
Buyers |
Sellers | 1031 Exchanges |
Real Estate Tips | Area
Links |
NC Agency Disclosure Form |
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If you have any
questions or would like more information, please contact us
800-806-6725, 828-688-3921,
email
us, or use our online request form. |
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