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Can a lump sum payment be tax deferred?

April 26, 2017lump payment

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Can a lump sum payment be tax deferred?

1 Answer

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It may be. If you use the money, or a portion of the money, received to reinvest in a similar “Like-Kind” investment, our payment might qualify as a Like-Kind Exchange, or 1031 Exchange, and be tax-deferred. AWCC is not a licensed tax professional and recommends that you consult your tax advisor or contact 1031 Exchange Corporation at (800) 685-2529 or visit www.1031exchangecorp.com.