WHAT IS A 1031
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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VandeWater & Associates,
We really appreciate you finding this property for us. We camped there for the first time and it was everything we hoped for and more. We got to meet the neighbors and their dogs and everyone was very nice. We wish we could get there more often. So thank you again for all your help. We would gladly recommend your company to anyone.
Sincerely;
Joe and Karen Connelly
June 2016
"Joe and Karen C