Clients considering the sale of investment or income property should first consult your financial or tax advisor to determine if a tax-deferred exchange will benefit your long-term investment goals and retirement plans. Ultimately, you must decide whether to take advantage of an IRC Section 1031 exchange or write a check to the IRS!
This material is provided for informational purposes only and is not to be construed as tax advice. The reader is strongly advised to speak with a tax consultant before attempting to employ any of the concepts stated herein.