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What Is a 1031 Exchange?

A 1031 exchange, named after Section 1031 of the Internal Revenue Code, is a tax-deferred transaction that allows investors to sell one property and purchase another while deferring capital gains taxes. Simply put, a 1031 exchange means swapping one investment asset for another. It enables investors to exchange one investment property for another without recognizing any immediate taxable gain. This allows your investment to grow tax-deferred...