A 1031 exchange, named after Section 1031 of the Internal Revenue Code, allows investors to defer capital gains taxes on the sale of investment properties by reinvesting the proceeds into a like-kind property. The term "like-kind" is broad, encompassing a wide range of real estate types, from residential to commercial and even vacant land The process of executing a 1031
https://cortesandhay.com/1031-exchange-services/ exchange involves several key steps. First, the investor must identify a replacement property within 45 days of selling the relinquished property. Then, they must close on the replacement property within 180 days of the sale of the relinquished property. The timeline is strict, and failure to adhere to it can result in disqualification from the tax-deferred status
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