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Real Property 1031 Like-Kind Exchanges–Too Good to Last?

April 11, 2023 (1 min read)

When real estate owners swap real property held for investment or productive use in trade or business for like-kind real property under Section 1031 of the Internal Revenue Code, no tax gain or loss is recognized. Investors and entrepreneurs use this tax deferral method, referred to as a 1031 Exchange, to reinvest their profits from a real property sale into their next real estate investment. However, the proposed federal budget may soon eliminate this strategy. Read this article to learn more.

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