Capital Gains Part 2 Shelter your Gain with a 1031 Exchange!
Posted by Merrill Jencks on Wednesday, December 28, 2022 at 7:10 AM
By Merrill Jencks / December 28, 2022
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Capital Gains Part 2: Shelter your Gain with a 1031 Exchange!
The most frequent way that you can shelter your gain from having to pay capital gains tax in real estate is by doing something called a 1031 exchange which is where you sell the property you never touch any of the proceeds it all gets held by a holding company or a third party and you reinvest the money into new real estate properties. There are some very specific timelines of how long you have to be able to buy identify and close on the new properties and the price of the new properties has to be greater than the price of the old properties that you sell but essentially if you're kind of rolling it all into new investment and you do it the right way and work with an agent who's experienced in these matters like me, then we can help you shelter your gain from having to pay capital gains tax right now we're essentially deferring the gain might have to pay in the future.
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