Planning To Do A 1031 Exchange? Here Is What You Must Know

Lisa Taylor22 Feb, 2019Real Estate

This blog will throw light on IRS Code Section 1031. So that you are able to meet the requirements. Otherwise, you will have to pay a tax on your capital gain of up to 37.5%. 1031 exchange properties can’t be primary When you want to do a 1031 exchange, according to the IRS Code Section 1031, you cannot use a your Primary Property or Residential Property for doing 1031 exchange to defer taxes.