1031 Tax Exchange

Have you heard about 1031 exchange? The 1031 Exchange is the excellent strategy and method that permits companies and individuals of selling one real property and then reinvests the proceeds to purchase and buy a like-kind property without incurring any liability for paying capital gains tax dues. It's a unique opportunity to all real state buyers for significant tax advantage. In this kind of transaction, there is no gain or loss can be recognized if property held for productive use in a trade or for investment or business is exchange for like-kind property held for investment or for use in a trade or business. If you are interested to know more,1031.net can provide more information.