A 1031 Like Exchange allows investors to defer paying capital gains and depreciation recapture taxes upon the close of a sale of real estate investment property by strictly adhering to the 1031 Exchange time limits, title requirements and processing guidelines. The money from the proceeds of the investment property sale can be reinvested into a like-kind or greater value property to defer paying capital gains and depreciation recapture taxes.
Benefits of a 1031 Exchange
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