1031 Tax Deferred Exchange
Real estate investments provide for unique opportunities in creating wealth.
Specifically, the 1031 Exchange enables investors to sell properties and defer
capital gains and taxes if the proceeds of the transaction are used to purchase
other qualifying real estate.
- Certain regulations apply. The investor must:
- Acquire like-kind qualified properties
- Use property in trade or business and
- Receive no cash or other benefits from the sale
Tenancy-in-Common (TIC) property ownership is a popular option for those interested
in 1031 exchanges since it removes day-to-day responsibilities of property ownership
while oftentimes addressing the objectives of investors. |
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