Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho August 29, 2019

What Is A 1031 Tax Exchange?

A 1031 tax exchange is a legal way to defer paying capital gains when selling a property and then buying a "like-kind" property within the allowed period. The time limits allowed are 45 calendar days after the close of the sale of the first property to identify the like-kind property for acquisition and then close the purchase transaction to complete the 1031 exchange within 180 calendar days. Like-Kind Property The property's broad characteristics determine if it is a like-kind property, not … [Read more...]

Filed Under: Real Estate Tagged With: Real Estate, Real Estate Investment, Tax Benefits

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