Avoid Capital Gains Tax!
Thursday, July 9, 2009

Before selling a property, it is important to determine how to keep as much of your profit as possible. One method to avoid paying taxes is to use a IRS section 1031 exchange. When you sell, a trusted third party (called a qualified intermediary) holds your profit until you use it to buy a replacement property. Using the exchange, you need not pay any capital gains at all!