The Basics of a 1031 Exchange
WHAT YOU NEED TO KNOW:
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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.
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The exchange must be entered into prior to the closing of the first transaction that is to be part of the exchange.
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A Qualified Intermediary is needed to prepare the exchange documents and hold the proceeds from the sale in escrow.
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Call CATIC Exchange at (860) 904-2108 and let us walk you through the process.
