What Is a 1031 Exchange and How Should It Be Handled? – Lulich & Attorneys
What Is a 1031 Exchange and How Should It Be Handled? – Lulich & Attorneys
The number “1031” refers to Section 1031 of the U.S. Internal Revenue Code. A 1031 exchange is a strategy, according to Realty Mogul, used by real estate investors to defer capital gains income taxes (or income tax losses). Normally sellers of homes, buildings, and land must pay capital gains taxes at the time they sell […]