Nov 22 Understanding IRC Code Section 1031 and Why You Should Care

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Hint: it’s about deferring capital gain taxes

[caption id="attachment_2322" align="alignright" width="300"] 1031 exchanges,also called like-kind exchanges, offer tax benefits when structured properly.[/caption] If you think this is one of those dry topics about taxes, think again. It’s important information for anyone selling a commercial real estate property who cares about being protected from capital gains taxes and growing their portfolio.