A 1031 exchange (also called a like-kind exchange or Starker exchange) is a tax-deferred strategy under IRS Section 1031 that allows real estate investors in Land O Lakes, FL to defer capital gains taxes when selling an investment property by reinvesting the proceeds into another like-kind property.
How Does a 1031 Exchange Work in Land O Lakes, FL?
A 1031 exchange helps investors in Land O Lakes, FL defer capital gains taxes by following specific IRS rules, including reinvesting in like-kind properties and meeting strict deadlines.