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1031 Exchanges

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Bette Hochberger
Tax & Financial Services
  • Accountant
  • 33301
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51
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1031 Exchange: A Tax-Deferred Strategy for Real Estate Investors

Bette Hochberger
Tax & Financial Services
  • Accountant
  • 33301
Posted Mar 26 2024, 11:51

Investors, have you considered a 1031 exchange? It's a strategy allowing you to defer capital gains tax when you sell a property and reinvest the proceeds into another 'like-kind' property. The key here is timing – you have 45 days to identify a replacement property and 180 days to complete the purchase. It's a fantastic way to grow your portfolio while deferring taxes, but it requires careful planning and adherence to IRS rules. 

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