Getting The Most Out Of A 1031 Exchange
A capital gains tax on property you just sold could be a financial burden that comes at the wrong time. This is why the 1031 Exchange exists. It allows you to defer all of the capital gains taxes you may incur from the sale of property to a later time. You can only do this when you use the funds from the sale to then purchase an equalizer property as if it were an exchange. This is a fantastic way to keep funds to yourself and reinvest them rather than pay them immediately in the form of taxes. You’ll be glad you did.
