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Updated over 2 years ago on . Most recent reply

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58
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40
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Eric Tullius
  • Real Estate Agent
  • Philadelphia, PA
40
Votes |
58
Posts

Great News for Philly Market 1031 Exchanges

Eric Tullius
  • Real Estate Agent
  • Philadelphia, PA
Posted

https://www.barley.com/pennsyl...

Pennsylvania will permit the tax deferral benefit of 1031 like-kind exchanges for the first time starting in the 2023 tax year.

What are the benefits of 1031 exchanges?

  • Immediate tax deferral.
  • Time value of the tax deferral.
  • Greater buying power.
  • Increased cash flow.
  • Consolidation of properties.
  • Relocation or expansion of a business.
  • Estate preservation.
  • Retirement exit strategy for business owners.

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