1031 Exchange

Under Section 1031 of the United States Internal Revenue Code, the exchange of certain types of property may allow the owner to defer capital gains tax otherwise due at the time of sale. To qualify, the properties exchanged must be held for productive use in a trade or business or for investment. The properties must generally be of like kind; also commonly referred to as a Starker Exchange.

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2017-03-13T19:39:45+00:00