What Is a 1031 Tax-Deferred Exchange?
What is a 1031 tax-deferred exchange. This is a term you may hear if you are starting to deal with real estate transactions. In simple terms, a 1031 tax-deferred exchange is a means by which one investment property may be sold (exchanged) for another and the resulting taxes can be deferred. How does this benefit the seller and what are the speci…