Selling Real Estate Without Paying Taxes image
Rental real estate can add diversification and income to an investors portfolio. What some people aren't aware of is there's a way for you to sell one property and buy another without paying capital gains. This is a called a 1031 exchange and it's incredibly common among real estate investors. Effectively, if you own a rental property on one side of town, instead of selling it and paying taxes and then buying another property, you could exchange one for the other. There are very specific rules within the tax code (section 1031) which highlight the rules, but you should consult your CPA or someone who's in the 1031 business (there are many people). There was a great article in Financial ...
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