1031 Exchange

1031 exchange Manassas

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The section of the IRS code which deals with tax-free exchanges of certain property is Section 1031.

The general rules for tax-free exchanges are that the properties must be exchanged, similar, and used as an investment or for business.

A 1031 exchange is also called a like-kind exchange.

Read 1031 exchange blog post on Positive Real Estate Professionals

See IRS website for more information: Like-Kind Exchanges - Real Estate Tax Tips.

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