1031 exchange law tax policies
February 20th, 2008 | by admin |Under the 1031 exchange law tax , the real estate seller exchanges his/her existing property for a like kind exchange so as to save from the government. It is a debt reduction policy that helps an investor from the harrowing additional taxes. The 1031 exchange law tax starts with the date of the deed record till the 180th day. Therefore, an investor should remember that a property comes under the 1031 laws only when it is sold for a replacement property. Without this clause, one cannot benefit with 1031 laws. So, if you are planning to take the benefit of 1031 exchange laws, make sure you go for like kind exchange.