1031 or C corp

[Edward Adekanbi]

I'm brand new and I have a question that concerns taxes. If you have a corporation which allow you to deduct business expenses do you still have to go through the process of performing a 1031 exchange on your profits since purchasing another investment property is a business expense. My question is do you pay capital gain on a profit that you have all intentions of reinvesting back to your business?

[Wayne Brooks]

Sit down with a CPA, experienced with real estate transactions. You need a better basic understanding of tax codes. "purchasing another investment property" is NOT a business expense. Even for the experienced, the tax code is complicated and ever changing. And you generally Never want to own real estate with a C corp as an active investor.