How to Get the Most out of a 1031 Exchange
If you're a homeowner or property investor, you've likely heard of a 1031 exchange. A 1031 exchange is when a property owner "swaps" one property for another of equal or greater value in order to defer the capital gains tax accumulated on the original property. There are many rules involved in 1031 exchanges, and both buyers and sellers need to understand the intricacies of 1031 before actively trying to benefit from this process.