Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What exactly is a 1031 Tax Deferred Exchange?

April 26, 2017exchange

0

Posted

What exactly is a 1031 Tax Deferred Exchange?

1 Answer

0

Posted

It is a transaction in which an individual can increase their net worth through the deferment of capital gains tax. It is done by relinquishment (sale) of one investment property, with the acquisition (purchase) of another, by a Qualified Intermediary.