1031 Exchanges Explained
Basics of the 1031 Exchange When a real estate investment is sold it is generally a taxable event. The proceeds of that event must be reported as inc...
Basics of the 1031 Exchange
When a real estate investment is sold it is generally a taxable event. The proceeds of that event must be reported as income in the year the sale happens. But, there a some cases where this general guildline is not applicable. The purpose of this article will be to explain one of these exceptions: the 1031 exchange.