1031 EXCHANGES
A 1031 exchange (also referred to as a “like-kind exchange” or a Starker) is a swap of one investment property for another. Most exchanges are taxable as sales, however, if yours meets the Section 1031 requirements, you’ll either have no tax or limited tax due at the time of the exchange.
The legalities of 1031 exchanges are easily convoluted, which is why connecting with Coastal Capital Newport will connect you with qualified legal and tax professionals to secure your available tax-deferral and tax-exclusion income tax strategies.
A 1031 exchange (also referred to as a “like-kind exchange” or a Starker) is a swap of one investment property for another. Most exchanges are taxable as sales, however, if yours meets the Section 1031 requirements, you’ll either have no tax or limited tax due at the time of the exchange.
The legalities of 1031 exchanges are easily convoluted, which is why connecting with Coastal Capital Newport will connect you with qualified legal and tax professionals to secure your available tax-deferral and tax-exclusion income tax strategies.
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