Real Estate Quick Tip: 1031 exchange

Posted bylizwalkerfeeneyPosted inUncategorized

What is a 1031 exchange?

1031 exchange allows an individual to use the money they get from one vacation home or second home to buy another home of the same value or more. This defers capital gains taxes.

For more information, contact Liz Walker-Feeney at 207-751-2028 or buyloaf@kw.com.

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