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 is a 1031 Tax free exchange (Starker Exchange)?

April 26, 2017exchange Free starker tax

0

Posted

What is a 1031 Tax free exchange (Starker Exchange)?

1 Answer

0

Posted

There are certain instances where investment properties may be exchanged and thereby delay paying capital gains tax. If you think you may be interested in a 1031 tax free exchange be sure to discuss this with your agent prior to initiating a sale or securing a replacement property to avoid jeopardizing the tax free status of the exchange or to find out if your property might be eligible for such a transaction.