>Claire Price Question By: Claire Price  Posted in: Business

How does 1031 tax exchange work?

A 1031 exchange lets you sell one property, buy another, and avoid capital gains tax in the process. 1031 trades are subject to tight timing constraints. You have 180 days to buy your new house. You may diversify your portfolio, purchase more profitable properties, or postpone paying depreciation-related taxes by using a 1031 exchange. For more information, visit http://1031djfexchange.com/.

Elizabeth GrahamAnswer By: Elizabeth Graham