What Is a 1031 Exchange?

If you're a real estate investor, you need to understand the 1031 exchange.  This IRS rule allows for the chance to reinvest the profits from the sale of a property without having to pay capital gains tax. As long as you replace one investment property with another (and follow all the rules), you can kick that tax bill down the road. In today's episode, we'll get into the nitty-gritty and tell you how this rule works and the pitfalls that trap most people.  Contact Devin's team at https://www.carrolladvisory.com/  Contact John's team at https://www.rossandshoalmire.com/