What is a 1031 exchange and how does it work?

… many New Yorkers turn to a popular tax deferral program called the 1031 exchange which allows you to put off paying … gains and therefore tax even further  In this scenario youd buy a replacement property with the intention of holding it … likekind properties So the investment property you are buying needs to be exchanged for a similar kind of property …

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