How Can I Qualify To Defer My Taxes When I Sell My Property?
Any investor can qualify! Section 1031 of the IRS code lets you sell your property and buy a new property and deferring the payment of taxes owed. You simply follow specific rules. A qualified intermediary can help you qualify and gain the advantages of a 1031 tax free exchange.
Other 1031 Tax Exchange FAQs
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Q:
What Is A Qualified Intermediary?
A: The IRS says if you touch the money you pay the tax. However, if you use a qualified intermediary to transfer the money from the sold property into the purchased … More -
Q:
How long can I take to buy a new property?
A: You have 180 days between the closing date on the sold property and the closing date on the purchased property. More
1031 Exchange Sub-categories
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1031 Exchange Real Estate
1031 Property Exchange |
1031 Tax Deferred Exchange
Reverse 1031 Exchange |
