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.
Exchange
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.
