What is a like-kind exchange? A like-kind exchange — also referred to as a 1031 exchange — is when you sell an investment or business property and purchase another similar investment property. This allows you to defer the capital gains you’d normally pay on the sale of a property that has increased in value. This piece
Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible
A Section 1031 like-kind exchange, in which you trade property rather than sell it, is one approach to defer a tax bill on gains.