Western North Carolina Real Estate
1031 Exchanges
A tax-deferred exchange, defined in Section 1031 of the Internal Revenue Code of 1986, is widely known among investors as a great way to build wealth and save on taxes. A tax-deferred exchange is a transaction in which an owner of a property sells one property and acquires another property without paying any taxes. When properly executed, the tax consequence is moved forward into the new property.

Completing an exchange, an investor, otherwise known as the exchanger, can sell their investment property, use all of the equity to acquire replacement investment property, and defer the capital gain tax that would ordinarily be paid and virtually put all of their equity into the replacement property. To defer the capital gain tax, the exchanger must acquire “like-kind” replacement property and the exchanger cannot receive cash or other benefits. In any exchange, the exchanger must enter into the exchange transaction prior to the close of the relinquished property.

A 1031 exchange is a great investment technique for real estate properties. Contact us today for more information about 1031 exchanges, as well as other real estate opportunities.

Please click on the following links for more information:
Buyers | Sellers | 1031 Exchanges | Real Estate Tips | Area Links | NC Agency Disclosure Form

If you have any questions or would like more information, please contact us 800-806-6725, 828-688-3921, email us, or use our online request form.



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