1031 Exchange
Learn More about a 1031 Exchange
A 1031 Exchange is a section of the
Internal Revenue code that allows buyers to defer any capital gains or
losses owed upon the sale of a property. It will essentially allow the
buyer to avoid some or all of the capital gains taxes that would
normally be due upon closing. Most buyers don’t know of this section,
but it’s a way for real estate investors to defer a huge cost when buying and selling property and potentially increase their return on investment.
In order to qualify, the property must be used for trade, investment, or business purposes, and you must meet certain criteria in order to be eligible. If you’re unsure of whether or not you qualify for a 1031 Exchange, we can help. The network of real estate professionals found here can connect you with qualified real estate tax experts who can assist you to see if you’re eligible for a 1031 exchange. Simply fill out our contact form, and we’ll connect you with the right people. It’s just another reason why BostonLuxuryApartment is the best resource for anyone looking to buy luxury real estate in Boston!
In order to qualify, the property must be used for trade, investment, or business purposes, and you must meet certain criteria in order to be eligible. If you’re unsure of whether or not you qualify for a 1031 Exchange, we can help. The network of real estate professionals found here can connect you with qualified real estate tax experts who can assist you to see if you’re eligible for a 1031 exchange. Simply fill out our contact form, and we’ll connect you with the right people. It’s just another reason why BostonLuxuryApartment is the best resource for anyone looking to buy luxury real estate in Boston!
