California 1031 Exchange Explained


California 1031 Exchange Explained

A california 1031 exchange permits 1031 california property california property owners to sell a california rental property and defer tax payments by reinvesting the proceeds into a like-kind 1031 california property or california rental properties. A california 1031 exchange is enabled by internal revenue code. California 1031 Exchanges are useful in a wide variety of circumstances. They provide excellent opportunities for resourceful california property owners to create transactions which would not be possible through a sale/purchase format. The overriding advantage of exchanging lies in the ability to move equity from california rental property to california rental property without having to pay the capital gains taxes. exchangers can create an entire investment program using the wide variety of benefits available, and a california property owner can move successively from one california 1031 exchange to another any number of times.

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