How does a Section 1031 Exchange work?

With a Section 1031 exchange, there must be an exchange of properties. The simplest type of Section 1031 exchange is a simultaneous swap of one property for another. A real estate owner will sell one business or investment property and use the proceeds of the sale to purchase another similar property within the required timeline established by the IRS.

By |2020-11-30T06:07:47+00:00July 2nd, 2018|
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