July 8, 2008
Section 1031 Information for Owners of Real Estate
What Are You Selling?
If you are selling real property held for investment or real property held for productive use in a trade or business, you may be eligible for a 1031 Tax-Deferred Exchange.
What Do You Want To Do With The Proceeds From This Sale?
If you do not want to pay capital gains tax on the money you will receive at closing, you may benefit from reinvesting into property of like-kind through a Tax-Deferred Exchange (like-kind property is any real property held for productive use in a trade or business or held for investment.)
