Question By: The 1031 tax exchange in Davenport IA is a tax deferment plan that helps you to avoid having to pay capital gains tax on the sale of investment property. It is a great opportunity to build wealth, build cash flow, reinvest the gains and defer paying large chunks of money to the IRS. The 1031 tax exchange in Davenport IA is a great opportunity but it is not without caveats.
It is vital that you sit down with an attorney that specializes in real estate and tax law to have a conversation about how you will take advantage of this deferment. Having a plan in place before you sell is the best way to avoid missing out on this tax deferment plan. David J Franks Attorney at Law is the attorney you want to contact about the 1031 exchange. Visit online at http://davidjfrankslaw.com/irc-exchanges/.
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