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1031 Exchange

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Exchange

Section 1031 of the IRS code lets you buy and sell "like-kind" property without having to pay taxes at the time of the sale, maybe never, so long as certain rules are met. This is because the new property is seen as a continuation of the original.

Long mistaken as a tool for corporations or professional investors, the 1031 Exchange is actually a strategy that can be implemented by most anyone with the help of an approved accomodator.

 

The steps to an exchange are as follows:

1031 Exchange

 

RealEstateSuperMarkets.com has partnered with a qualified accomodator of 1031 Exchange services. Please contact us at info@realestatesupermarkets.com or use the contact form to the right for a no-cost, no-obligation consultation.


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