Addison Wolfe Real Estate

Blog

Should Bucks County Home Owners know what a 1031 Exchange is?

1031 Exchanges can mean significant tax impacts for Bucks County Home Owners
Posted by Dave Marcolla on November 29, 2018 in  Bucks County  investment  real estate  Real Estate Advice
Should Bucks County Home Owners know what a 1031 Exchange is?Absolutely!   Let's start with the basics. Are you considering selling a home or investment property in Bucks County? Using those proceeds to purchase a similar valued property? Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. Great news, right?!Since I'm not a CPA, I can't say enough to contact one to&n... read more
| 0
  • 1
Real Estate Links Our Domains