As a real estate investor, you want to delay paying taxes as long as possible to build your investment portfolio. The problem is that you have to pay tax on the profits from the sale of your real estate investment properties.
The solution can often be a 1031 Exchange, which allows you to defer taxes into the future, all while still offloading properties and upgrading your portfolio.
In a recent article in RealEstate4Investing.com, the basics of a 1031 exchange is explained as:
In a 1031 exchange, real estate investors essentially “exchange” or trade one property for another. By doing so, any gain on which you would have paid tax is deferred.
Learn More
Learn more about 1031 exchanges by reading The 1031 Exchange Rule: The Best Way to Defer Taxes for Real Estate Investors.
This extensive article discusses more about:
- 1031 Exchanges
- Deferred Exchanges
- The Power of the 1031 Exchange
- Limitations of 1031 Exchanges
- What to do to Make Sure You Benefit from the 1031 Exchange Rule
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