Good Faith Home Buyer

Investments

1031 exchanges

1031 Exchange

A tax-deferred transaction that is permitted by Section 1031 of the United States Internal Revenue Code is referred to as a 1031 exchange, which is also known as a like-kind exchange. If investors reinvest the profits from the sale of certain types of investment or commercial assets into another "like-kind" property, they are able to postpone the payment of capital gains taxes that would otherwise be due...

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