Norfolk 1031 Property Exchange Lawyers
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1031 Property Exchange Resources
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1031 Exchange
What is a 1031 Exchange? In July of 1991, the Internal Revenue Service (IRS) finalized the rules … more
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I have already sold my property. Can I still do an exchange?
Yes provided your sale has not closed yet your taxable sale can be turned into a tax free … more
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How do I exchange into a larger property (trade up)?
You trade up by getting a bigger loan on the new property or adding cash or equities in other … more
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Can I exchange several smaller properties for a larger one?
Yes you can sell any number of smaller properties and trade up to a larger one.
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What exactly are the tax advantages in exchanging?
You can eliminate paying any capital gains taxes and you can eliminate paying the even … more
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