A 1031 tax exchange can help build your net worth. Under Section 1031 of the U.S. Internal Revenue Code, the capital gains tax can be deferred when you sell an investment property in exchange for a similar property, also known as like-kind properties. As long as there is a like-kind purchase, the capital gains tax[…] Read More
Month: June 2022
Can I Do a 1031 Exchange on an Inherited Property?
If you have just inherited a property, not knowing your options could cost you. Real estate for novice investors can be complicated. In the case of inherited property, the value of the property and what it is used for, including money owed, the money gained, and taxes, play an essential role and can cause headaches[…] Read More