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1031 Exchange
1031 Exchange
Abbreviation
1031
Parent term
Taxes
A 1031 Exchange is a US tax benefit that allows investors to defer capital gains on the sale of one property when a similar property is purchased.
More about 1031 Exchange
Discusses The Following
Asset Classes
Collectible Asset
Fine Art
Real Estate
Mentioned by the Following
Entities
NexPoint
People
James Dondero
Experts
James Dondero
Notes
Effectively allows an
investor
to continuously defer paying
taxes
on the gain by rolling the gains into the costs basis of the new property
Historically was available for multiple asset types including
real estate
,
art
, and collectibles
The
Tax Cuts and Jobs Act of 2017
limited the 1
031 exchange
to
real estate
only
This applies to
US
federal tax
law