Is A 1031 Tax Exchange Necessary

Is A 1031 Tax Exchange Necessary

The tax deferred exchange, as defined in ยง1031 of the Internal Revenue Code, allows the Taxpayer (Exchanger) to dispose of investment or business-use assets, acquire Replacement Property and defer the tax that would ordinarily be due upon the sale. 1031s are about deferring capital gains taxes, but lawful money redemption negates this.

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