If you own an investment property and wish to sell, a 1031 tax-deferred exchange may be a good option. This wealth-building tool can help you sell one investment property and buy another while deferring taxes such as federal capital gains taxes, state capital gains taxes, depreciation recapture, and the newly implemented 3.8 percent Medicare Tax, all of which can significantly increase your purchasing power.
Is a 1031 Land Exchange Right for You?
- By Beth Sutton
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