The Basics of a 1031 Exchange

WHAT YOU NEED TO KNOW:

  • Defer capital gains taxes from the sale of an investment property by reinvesting the proceeds from the sale in a like-kind replacement property or properties.

 

  • The exchange must be entered into prior to the closing of the first transaction that is to be part of the exchange.

 

  • A Qualified Intermediary is needed to prepare the exchange documents and hold the proceeds from the sale in escrow.

 

  • Call CATIC Exchange at (860) 904-2108 and let us walk you through the process.

Exchange

 

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