|
Tax Deferred Exchanges
| When real estate is sold, the seller must pay tax on the gain
from the sale of the property. This gain results because the property appreciates as time
goes by, and from depreciation deductions for tax purposes. |
| An exception to this capital gains tax is allowed by Internal
Revenue Code Section 1031... if...the property is exchanged for other property (and
the property qualifies in adherence to Code stipulations). William
W Hollister PSC can can help you utilize the exception provided by Section
1031. |
|
