If you are considering selling an investment property and want to defer capital gains taxes, a 1031 exchange can be a strategic option. The process allows you to sell one property and purchase another like-kind property while deferring taxes, as long as the exchange follows a specific set of rules. While the concept might seem[…] Read More
Month: May 2025
1031 Exchange for Beginners: A Step-by-Step Guide for Florida Residents
A 1031 exchange is a real estate tax-deferral strategy outlined in Section 1031 of the Internal Revenue Code (IRC). It allows property owners to defer capital gains taxes by reinvesting the proceeds from the sale of one investment property into another “like-kind” property. This strategy is ideal for investors who want to adjust their portfolio[…] Read More