Effective January 1, 2018, Section 1031 no longer applies to tangible and intangible personal property.
An Open Opportunity for Investors
For over 96 years, astute taxpayers have taken advantage of a tax strategy referred to as a 1031 exchange. Section 1031 of the Internal Revenue Code allows the deferral of gain on the sale and purchase of property held for use in a trade or business or for investment. Most taxpayers that take advantage of 1031 exchanges have one objective: deferring the gain. Unfortunately, many do not realize the many other short and long term benefits of a 1031 exchange.
Learn how you can benefit from a 1031 exchange.