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What is the benefit of a 1031 Like-Kind Exchange?

What is the benefit of a 1031 Like-Kind Exchange?

Using a 1031 like-kind exchange allows the owner of a business-use or investment property to have more capital from the sale of the said property for reinvestment on a like-kind property by getting the capital gains tax deferred. In other words, the owner can maximize the proceeds of a property sale for reinvestment on another property by accessing the amount which would otherwise be deducted as a capital gains tax in a normal transaction.

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