What Is A 1031 Exchange? Phoenix American
- Lee Berman
- Jul 16, 2021
- 1 min read
Background on 1031s
In the last 10 years, like-kind exchanges have accounted for 10-20% of all commercial real estate transactions. Like-kind created 100 years ago with the goal of aiding farmers to help them reorganize and improve their properties, combine acreage, acquire superior land, and lessen environmental impacts. One may dispose of an asset and use the proceeds to acquire a similar one of equal or greater value. In doing so, capital gain and depreciation recapture taxes may be deferred.
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sales@phxa.com
415-485-4500
2401 Kerner Blvd, San Rafael, CA 94901, United States
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