David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, explains 1031 exchanges. Though they’ve been around for almost a century, many investors aren’t aware of the power their various options can bring. Moore explains the exchange system and what it can do for investors.
The 1031 exchange has been in existence since the 1920s, and it allows an investor to sell a property, reinvest the proceeds in a new property, and defer all capital gain taxes. Historically, we were able to handle exchanges of personal property and real property. But tax reform eliminated our ability to handle personal property transactions (cars, boats, planes, and so forth). Today any 1031 exchange is a real property exchange, or real estate exchange. – David Moore, Equity Advantage
If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.