Property investors want to make money on their investments. When you go to sell your property, you will have to pay taxes on any gains you have made. That is, unless you do a 1031 exchange. Here are nine basics you should know.
A 1031 exchange is a way to sell a property without having to immediately pay taxes. The idea is that you will roll over any gains into the purchase of a new property, which allows you to defer paying taxes until you sell the new property, unless you do another 1031 exchange. Read More