1031 TAX EXCHANGE
§1031. Exchange of property held for productive use or investment
(a) Nonrecognition of gain or loss from exchanges solely in kind. ––
(1) In general. –– No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for
Download our 1031 Tax Exchange PDF to get a complete understanding of all the machinations of this opportunity.
“The 1031 Tax Exchange is an opportunity for you as an investor to capitalize on your purchases. Contact me to talk more about it, or if you need further information on how this tax code can help you.”
Cory Currie, Owner, Omni Homes | Omni Capital Realty