1031 Exchange Requirements
1031 exchange requirements refers to Section 1031 of the United States Internal Revenue Code. Specifically, it relates to the loss or gain made when a property is sold and how that loss or gain can be effectively and legally deferred on the exchange of a similar or like property. It is a provision which can effectively aid property investors, or indeed any individual, manage capital gain or loss, when a property changes hands. There are many scenarios whereby it is desirable to use a 1031, so it is worth learning
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