Widely Misunderstood Notions Surrounding 1031 Like-Kind Exchanges

In 1921, 1031 tax-deferred exchanges were introduced as part of the USA’s tax law. Years later, a large number of misconceptions still surrounds it even though tax-deferred exchanges are prevalent in real estate today. While this system was introduced to encourage tax savings, the deeply rooted misconceptions often end up derailing an exchange, or limiting[…] Read More