We get asked about so-called Section 1031 exchanges all the time. Section 1031 of the Internal Revenue Code is a valuable tool that allows you to defer payment of taxes on a gain from the sale of investment property, if you reinvest those proceeds into a new property and adhere to the code’s requirements. If done properly, real estate investors are allowed to retain the gains from their investments, and defer their capital gains tax liability (potentially forever). Here's what you need to k...
