Investors

I am not a CPA or attorney please consult one or www.1031x.com for more detailed information on this topic. This information is provided for a brief understanding. Under IRS Section 1031 profits from a non-owner occupied or simple put rental property can be rolled into more real estate and you may be able to defer paying income taxes on that property all together. There are rules that must be followed such that exchanges must be completed within 180 days and the exchange property must be identified in 45 days. For more info, please contact KT Ruthven.