What is a 1031 Exchange?
You must trade up or equal in value and equity to totally defer the taxable gain in your exchange.
We do not undertake to calculate taxable gain in your exchange. Please consult your tax advisor.
The concept of Section 1031 is one of the last significant tax advantages remaining for real estate investors. The key advantage of a Section 1031 exchange is the ability to sell a property without paying any capital gain tax, or depreciation recapture at closing, which allows the earning power of the deferred taxes to work for the benefit of the investor.
Although Section 1031 refers to “an exchange of property”, it does not require a simultaneous “swap” of properties.
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