Starker Exchange

Under Section 1031 of the United States Internal Revenue Code, the exchange of certain types of property may defer the recognition of capital gains or losses due upon sale, and hence defer any capital gains taxes otherwise due. 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 “1031 Exchange”.

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2017-03-13T19:40:21+00:00