A 1031 exchange means you can take an asset and you can roll the gain, and actually everything needs to roll, another investment property, and you won’t have to pay any taxes on it currently.
If you’re thinking about doing a 1031 exchange, you definitely want to talk to someone who understands them and look at some of the options you have on either the front side or the backside of that transaction.
What you need to know about setting up a 1031 exchange is covered in this video.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.