1031 Exchange Requirements In A Nutshell
There is a straightforward strategy, 1031 exchange, for selling a qualified property and acquiring another one within a specified time period to qualify for deferred gain treatment, but certain 1031 exchange requirements have to be satisfied. Under 1031 exchange, a transaction gets treated as an exchange and not as a simple sale. The people who invest as well as exchange properties qualify for what is called like-kind exchanges. It is important that all property owners or real estate investors, who
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