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Benefits of a 1031 Exchange

Posted by Chris Peterson | Mar 14, 2022 | 0 Comments

The term "1031 exchange" refers to Section 1031 of the Internal Revenue Code. It's not a tax loophole, despite what some people think. Instead, it's a completely legal option that allows you to sell your investment property and avoid capital gains taxes if you reinvest the proceeds in a "like-kind" property or properties within a set amount of time.