1031 Exchange transactions pursuant to Section 1031 of the Internal Revenue Code can be very complex and extremely confusing, especially to an investor that has never completed a 1031 Exchange transaction before. The Exeter Group demystifies what qualifies as a permissible vs. non-permissible 1031 Exchange Expense and what the income tax consequences are on the Go Ahead, ASK! Podcast.
We have been Unraveling the Mystery of 1031 Exchanges on the Go Ahead, ASK Podcast. We take a deeper dive on Episode 06 of Go Ahead, ASK! by The Exeter Group into closing costs, what is considered to be permissible vs. non-permissible for 1031 Exchange purposes, and how you can avoid triggering small amounts of taxable gain even on a successful 1031 Exchange. Join us now....
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