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🏡 How to Use a 1031 Exchange to Buy a New Investment Property and Defer Taxes 💸
If you sell your $500,000 rental property and buy a new one for $650,000, a 1031 Exchange lets you defer taxes on the $150,000 profit. Reinvest that amount into your new property, and avoid paying taxes on your gain!…
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💸 Want to Defer Taxes on Your Investment Property Sale?
A 1031 Exchange Makes It Possible! 🏡 If you sell a rental property for $400,000 and buy a new one for $500,000, you can use a 1031 Exchange to defer taxes on the $100,000 gain. This means you can reinvest the…