2023

Understanding 1031 Exchange Rules And Requirements

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A 1031 exchange is a way for real estate investors to delay paying taxes on the profits from selling a property. They have to buy a similar property with the money they made from selling the first. Both the sold property and the bought one have to be for business or investing purposes. They also have to be "like-kind," meaning they're similar in some way even if not perfectly the same.

5 January 2023