“1031 Exchange”

0 Comments. Posted by Damion on Monday, February 2, 2009 at 8:36 am.

Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. However, the tax code provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a [...]

Filed under Real Estate Investing, 1031 Exchange, real estate invest, tax advantage, tax shelter.