Virginia Beach 1031 Exchange Explained


Virginia Beach 1031 Exchange Explained

Irs Section 1031 relates to the disposition of virginia beach property that is held for investment purposes or used in productive business. If performed properly, IRS section 1031 provides an exception to the rule requiring the payment of capital gains tax upon the sale or exchange of virginia beach property. Virginia Beach 1031 Exchanges are typical sales and purchases that involve the same exact ingredients as any other sale or purchase, without the capital gains. The only real difference is the virginia beach real estate investor is increasing his or her selling and buying power by electing to rollover their investment into another like kind virginia beach 1031 property. No other aspects of the transaction are affected.

Contact us if you are interested in retaining the wealth of your virginia beach property investment and we will match you with a qualified virginia beach 1031 broker in your area.

Popular tags