1031 TAX DEFERRED EXCHANGE
Flagstaff Real Estate Professionals
1031 Tax Deferred Exchange
What is IRC SECTION 1031?
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IRC SECTION 1031 allows investors to defer capital gains taxes as well as facilitate significant portfolio growth and increased return on investment. IRC SECTION 1031 (a)(1) states:
“No gain or loss shall be recognized on the exchange of real property self for productive use in a trade or business or for investments, if such real property is exchanged solely for real property of like-kind which is to be held either for productive use in a trade or business or for investment.”