Michelle's Blog

An investor who is doing a 1031 exchange may need to buy replacement property prior to the closing of the sale of the relinquished property, either because the relinquished property has fallen out of escrow, or because the investor has found the perfect replacement property before he is able to s...

1031 Exchange Basic Guidelines Knowing some basic rules behind Internal Revenue Code §1031 can help investors defer paying capital gain tax on property dispositions, resulting in more money to invest in a property acquisition. Generally, any real or personal property can be exchanged, provided it...