The Mechanism of 1031 Tax Deferred Exchange
When an investor sells the property (relinquished property) in a 1031 tax deferred exchange, a Qualified Intermediary (QI) holds the funds gained from the sale. The investor then directs the QI to purchase a new property that is either equal or higher in value than that of a relinquished property. By this method, the investor […]
What Is A 1031 Tax Exchange and Who All Benefit From It?
Deferring capital gains taxes is no longer a problem. If you have heard about the 1031 tax exchange, you probably know how easy it is to defer capital gains taxes. With the introduction of 1031 tax exchange the rise in real estate businesses and property dealing businesses is prominent. With a 1031 tax exchange, you […]