A 1031 exchange, also known as a like-kind exchange, is a tax-deferral strategy that allows investors to swap one investment property for another without incurring capital gains taxes. This can be a valuable tool for real estate investors looking to diversify their portfolio, upgrade to a higher-value property, or move into a new market. With a 1031 exchange, investors can defer the payment of capital gains taxes until they sell the new property, potentially allowing them to reinvest more of their profits into additional real estate investments. At The Law Office of Joseph A. DiPiazza, LLC, we work with qualified intermediaries, lenders, title companies, and realtors to facilitate successful 1301 exchanges.
Call today to set up your free initial consultation: (201) 494-2800.