A 1031 like-kind exchange, named after Section 1031 of the Internal Revenue Code, allows investors to defer capital gains taxes when exchanging one investment property for another of like kind. This tax-deferral strategy is widely used by real estate investors to grow their portfolios and optimize their tax liabilities. How Does a 1031 Exchange Work? A 1031 exchange enables property owners to sell a qualified investment or business property and… Read More
Strategic Tax and Accounting Group | Accounting North Bay, CA