Day: October 26, 2012

What is a 1031 Exchange?

What is IRC Section 1031? Section 1031 of the Internal Revenue Code allows an owner of an investment property to exchange property and defer paying federal and state capital gain taxes (up to 15% Federal, 25% deprecation recapture and applicable state taxes) if they purchase a “like-kind” property following the rules and regulations of the […]

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