You could be subject to an uncomfortable tax liability as the result of selling investment real estate. This may be avoided if the sale is properly structured in adherence with Section 1031 of the Internal Revenue Code. This law allows you to defer capital gain and other tax liabilities if new assets are purchased to replace what was sold.
Given by Ron Ricard from Investment Property Exchange Services, Inc.
Ron Ricard is a Account Executive of Investment Property Exchange Services, Inc.,a Qualified Intermediary. 1067 Blossom Hill Rd., San Jose, CA 95123, 877-747-7875, rricard@fnf.com, www.ipx.1031.com.