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Real Estate

It’s important to understand the tax and legal issues if you own real estate, whether it’s your primary residence, second home, investment property that you rent for income, or undeveloped land.

A view of terraces for an apartment building.

Simplifying Real Estate Ownership Through Tax-Deferred Strategies

Most owners of investment real estate are probably aware of the benefits of Internal Revenue Code section 1031, which allows for a tax-deferred exchange of real estate provided certain conditions are met. As a bit of history, 1031 exchanges have been around for over 100 years, and initially, the seller and buyer had to exchange their respective properties with each other simultaneously.

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