Posted: Friday, June 27, 2008 by Kevin Pratt
Real estate is considered the most valuable wealth building way to accumulate assets. In today's real estate market, it might be the best time for take advantage of some of the good deals in the market. The buyers and investors can take advantage of the program offered by Treasury Department called 1031 tax-deferred exchange. No gain or loss is recognized if property held for productive use in trade or business or for investment, is exchanged solely for property of a like kind to be held for investment.
Legal / 1031 Exchange