Investors

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When buying or selling an investment property, you may have questions regarding the capital gains taxes associated with any profits arising from the sale. Did you know that you can defer those taxes? Thanks to our friends at Xchange Soultions, we have some information for you on commonly asked questions. 

What is a tax-deferred exchange?

IRC § 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment. A tax-deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of “like-kind”, while deferring the payment of federal income taxes and some state taxes

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