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Real Estate Glossary

Exchange

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Written by Luis Escobar

Like property that is used in a business or trade or could be an investment can be a tax-deferred exchange. This is stated under Section 1031 of the Internal Revenue Code. Under a 1031 exchange, real estate can be traded for other like-kind property.

Like property that is used in a business or trade or could be an investment can be a tax-deferred exchange. This is stated under Section 1031 of the Internal Revenue Code. Under a 1031 exchange, real estate can be traded for other like-kind property.

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Luis Escobar

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