1031 Exchange: Avoid Capital Gains
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3/4/2022
1031 Exchange transactions are very common among investors who have rental properties and chose to sell. Unless you have occupied the property for a minimum of two years out of the last five years, you will pay capital gains. The only way to avoid capital gains is to roll over the proceeds to a new investment property. Rolling over the proceeds from one investment to another is called a 1031 Exchange.
There are many rules around the 1031 Exchange process. We touch on many of those rules today but to learn more or to get your questions answered on this topic, schedule yourself a free phone consultation. We will discuss your personal scenario with you and get you moving in the right direction.
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Debbie Marcoux is licensed by the Department of Financial Protection and Innovations under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926