What is a 1031 exchange and how does it work?

… on your capital gains thats the profit you make on the sale of the apartment or building  Thats why many New … red tape associated with the 1031 exchange program Read on for more details Editors note An earlier version of this … the cost basis of the property to current market value thereby reducing the gain and tax that is due says attorney …

By Emily Myers |February 6, 2023 - 9:30AM