1031/Tenants-in-Common (TIC) Information

What is a 1031 exchange?

Under Internal Revenue Code (IRC) Section 1031, a real property owner can sell his property and then reinvest the proceeds in ownership of like-kind property and defer the capital gains taxes. To qualify as a like-kind exchange, property exchanges must be done in accordance with the rules set forth in the tax code and in the treasury regulations. The 1031 exchange can offer significant tax advantages to real estate buyers. Often overlooked, a 1031 exchange is considered one of the best-kept secrets in the Internal Revenue Code.
 

• http://www.irs.gov/businesses/small/industries/article/0,,id=98491,00.html

 
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Felice “Lisa” K. Fletcher, Coldwell Banker James C. Otton Real Estate, Inc., 9626 2nd Ave., P.O. Box 68, Stone Harbor, NJ 08247-1955
Office: (800) 708-5789 - (609) 368-4766 - Cell: (215) 421-1704 - FAX: (609) 368-4533 - Email:  lisa@lfletcher.com

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