PulseRider
Tue Aug 06 2024
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6 answers
1348
Is a 1031 exchange a tax break?
Excuse me, could you please clarify if a 1031 exchange is indeed considered a tax break? I understand that it allows investors to defer paying capital gains taxes when they sell a property and use the proceeds to acquire a similar investment property, but I'm not entirely sure if that counts as a tax benefit or merely a way to defer taxes until a later date. Could you elaborate on this matter and provide some insight into the tax implications of engaging in a 1031 exchange?
