If You Are Thinking of Selling Property, Look at a 1031 Exchange
November 2nd, 2009 | by admin |Many parts of real estate buying and selling is inherently complicated. For those who income property or commercial property, there is a similarly complicated, but interesting alternative to paying capital gains taxes on these transactions, which is called a 1031 exchange.The Internal Revenue Service allows for, in its code, the exchange of one property for another as way of deferring the taxes associated with the sale. These transactions must be completed with a third-party Qualified Intermediary in order to gain the tax benefit, but they are worth looking into if you are considering a sale of property.