September 30, 2021 - Chugh

Day: September 30, 2021

What is a 1031 Exchange: Basics That You Should Know

Real estate investors generally need to pay tax on the profit, or capital gains, earned when they sell a property. However, US law[1] allows investors to defer capital gains taxes if they reinvest the sale’s proceeds into a similar property as part of a qualifying like-kind exchange.

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