1031 Exchange and What You Need To Know
If you are interested in investing in real estate or are currently an investor you are probably familiar with the 1031 exchange. This exchange is basically a way for real estate investors to defer capital gain taxes on there real estate investments. This exchange works by investors selling one investment property for another property or multiple properties. Selling a home with capital gains is a taxable event, in order to avoid taxes a real estate investor may use a 1031 exchange.