Delightful Refuge Blog

Understanding 1031 Exchanges: A Tool for Long-Term Wealth Building

Understanding 1031 Exchanges: A Tool for Long-Term Wealth Building

A 1031 exchange is a powerful tax-deferral strategy for real estate investors that allows them to defer capital gains taxes when selling an investment property, provided the proceeds are reinvested into another "like-kind" investment property. This federal statute is...