1031 Exchange Downtown Los Angeles Investment Lofts and Condos For Sale
Under Section 1031 of the United States Internal Revenue Code (26 U.S.C. § 1031), the exchange of certain types of property may defer the recognition of capital gains or losses due upon sale, and hence defer any capital gains taxes otherwise due. A recent Forbes articles states that a 1031 exchange (also called a like-kind exchange or …
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