The 1031 exchange, also recognized as the tax-deferred exchange or real estate exchange, was made in 1990 by the I.R.S. A 1031 exchange is the process of selling 1 investment for the purchase of some other investment. When used with a mortgage, homeowner's will typically sell one of their investment holdings to purchase other, similar holding, they can offset or even avoid capital gains tax. In a 1031 exchange, the property or properties which are sold is called a "released property" and the property obtained... http://bit.ly/aLvXbh
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