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1031 Exchange Tax Deferment Strategy
Manage episode 310202612 series 3049985
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Since we covered building wealth through real estate in the previous episode it seemed only fitting that we discuss the tax advantages of a 1031 exchange. A 1031 exchange is identified as Section 1031 of the tax code, and this allows you to defer paying capital gains taxes when you sell an investment property and reinvest the proceeds from the sale into a property of ‘like kind’.
Tracey Wilson with IPX 1031 joined me to breakdown how a 1031 exchange works.
If you would like more information from Tracey you can reach him at tracey.wilson@ipx1031.com
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