1031 Exchanges - also known as like-kind exchanges. 1031
exchanges (named for their place in the U.S. Tax Code) allow capital gains taxes
on a transaction to be deferred if the proceeds from the sale of an asset are
invested in a similar asset. Example: the sale of a six-unit
apartment property and the purchase of a warehouse or strip mall, as long as
both properties had similar value. Real estate is the most common asset
used in these exchanges.
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