Should You Defer Capital Gains Taxes With a 1031 Exchange?
Are you contemplating whether to sell a property? If so, you could be eligible for a 1031 exchange. This complex tax strategy could postpone a hefty tax payment, but there are some important stipulations.
Recently, our CEO Marianela Collado was quoted on CNET.com providing investors her insight into how a 1031 exchange can potentially allow real estate investors an opportunity to put off paying capital gains. “In a nutshell, you’re swapping one property for another, and the new property takes on the basis of the previous property.”
Read here to learn more about this sophisticated tax strategy: https://www.cnet.com/personal-finance/taxes/should-you-defer-capital-gains-taxes-with-a-1031-exchange/