1031xchange03 Jul, 2019Real Estate
What worries the majority of investors is the capital gains tax they need to pay on account of selling their property. With both the State and Federal governments imposing a fixed percentage of tax on the sale or purchase of real estate properties, investors generally have to lose a significant part of their proceeds in taxes. However, in case you do a 1031 exchange instead of directly selling your property, you can defer up to 100% capital gains tax. Let’s explore the benefits of doing a 1031 exchange in Alaska by evaluating the 1031 Exchange Alaska market.
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