So what is 1031? Broadly stated, a 1031 exchange (also called a like-kind exchange) is a swap of one business or investment asset foranother. Although most swaps are taxableas sales, if you come within 1031, you'll either have no tax or limited tax due at the time of the exchange.
That allows your investment to continue to grow taxdeferred. There's no limit on how many times or how frequently you can do a 1031. You can roll over the gain from one piece of investment real estate to another to another and another.
Do you have an investment property you are thinking of selling? It's a great time to list your property, as this market is down inventory and up in multiple offers! Call me today so we can transfer/defer your capital gains tax!
Save $$ now and get a better investment property. 408-771-8472.