Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible
Tag: like kind exchange
What is a Like-Kind Exchange?
A Section 1031 like-kind exchange, in which you trade property rather than sell it, is one approach to defer a tax bill on gains.