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As spring approaches and my friends and I plan the upcoming season at my new camp, I'd like to take this opportunity to thank you for a pleasurable land purchasing experience. With the help of V ... Read
- Brian Veit |
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What is a 1031 Exchange? |
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| Section 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 on the transaction. |
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