1031 exchanges

1031 Exchange to Defer Capital Gains in Real Estate

January 31, 2023

1031 Exchange in a Nutshell Under Section 1031, a taxpayer may defer capital gains taxes by exchanging property (“relinquished property or RQ”) for like-kind property of equal or greater value (“replacement property or RP”). In phase one of a forward exchange, a Qualified Intermediary (“QI”), on behalf of the taxpayer, sells the RQ. In phase two,…
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