Business Finance Marketing

Under IRS Tax Code Section 1031 anyone can sell a property and reinvest in another “like kind” property without paying taxes on the sale of that property. This is called a 1031 Exchange of Real Estate.

Understanding these Tax Free Exchanges and how they work can save a beginning investor as well as the experienced investor thousands of dollars in taxes over the years. This type of exchange may help an investors quickly get out from under a problem property and it can take some of the uncertainty out of investing for the beginner.

You’ll find the full article at 1031 Exchange Real Estate

This entry was posted on Thursday, June 21st, 2007 at 9:34 am and is filed under Helpful Information, IRS, Real Estate, Real Estate Development. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.