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NEW YORK - October 31, 2022 - (Newswire.com) The 1031 exchange is an effective tool for real estate investors and property owners to exchange one property for another while deferring federal capital gains tax that would be due if the property were sold. As long as an investor is holding the exchanged property as an investment or it is being used in the owner's trade or business, they may be eligible to defer capital gains on the sale. The stipulations of a 1031 transaction indicate that both the relinquished and the replacement property must be of like-kind to be considered eligible. But what exactly does…