If you’re thinking of selling a piece of property that could result in a big profit (and a big tax bill), a 1031 exchange could be a useful strategy. What is a 1031 exchange? A 1031 exchange, named after section 1031 of the U.S. Internal Revenue Code, is a way to postpone capital gains tax...
The article How to Do a 1031 Exchange: Definition, Rules and What to Know originally appeared on NerdWallet.
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