1031 Exchange
A tax strategy allowing real estate investors to defer capital gains taxes by reinvesting proceeds from a property sale into a like-kind property.
A 1031 exchange (named after IRS Section 1031) allows real estate investors to sell a rental property and defer capital gains taxes by reinvesting the proceeds into another 'like-kind' property within specific time limits (45 days to identify, 180 days to close). This strategy allows investors to grow their real estate portfolio without immediate tax liability. Short-term rental properties can qualify for 1031 exchanges, though the property must meet certain use requirements.
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