1031 Like-Kind Exchanges

What you need to know about 1031 Like-Kind Exchanges

1031 Like-Kind Exchanges can cause some confusion for many. A recent article in the Summer 2015 issue of the Commercial Connections publication titled, “5 Things to Know About 1031 Like-Kind Exchanges” by Eric Stackley, helps to shed some light on the topic of 1031 Exchanges.

Some of you might be surprised to know that this is not a “new” section of the tax code. In fact, Section 1031 tax deferred real estate, “has been in the tax code since 1924!”

Another important item to note is that 1031 like-kind tax exchanges are NOT a “loophole”, “but rather a deferral – the owner [eventually] pays tax on the property…”

More information and details on this topic can be found in the full article on the REALTOR.org website.

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