LEGAL GUIDE
Written by attorney Steven Benjamin Hilton | Jun 28, 2017

Using 1031 Exchange Property as a Vacation Home

Section 1031 of the Internal Revenue Code allows taxpayers to exchange property held for productive use in a trade or business or for investment (hereinafter referred to as “qualified use”) for like-kind property on a tax-deferred basis. Deferred taxes means more funds to put toward replacement prop

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