Roll the equity from your real estate investment into another while deferring capital gains taxes with a 1031 Exchange. An exchange can be made with like-kind properties for business or investment purposes. However, if you sell a property without reinvesting in a new property, there may be capital gains and depreciation recapture tax liabilities.
Let the experts at Whitney-Wallace help you better understand all the moving parts and requirements involved in a 1031 Exchange.
Check your list to make sure you have the right players involved in your 1031 Exchange: