1031 Exchange is an excellent strategy for expanding your investment portfolio without incurring taxes.
However, to qualify for this exchange, several conditions must be met:
👉 The properties being sold and purchased must be of the same type or “like-kind”
👉 You must identify the replacement property within 45 days
👉 The exchange must be completed within 180 days
👉 The replacement property must have equal or greater debt.
Investors frequently utilize this method to postpone capital gains taxes, and you can do the same.
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