When you sell a business, farmland or investment property you may have an overall gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain, if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Capital gains in a 1031 Like-Kind Exchange are tax-deferred.
Kevin R. Bryant, Attorney at Law, Crossville, Tennessee
Kevin R Bryant Attorney at Law delivers personalized DUI defense with experienced legal guidance and dedicated service for clients in Crossville and surrounding areas…
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Sapp Law Firm, Jasper, Alabama
Sapp Law Firm offers skilled Personal Injury Lawyer services in Birmingham AL for clients seeking compensation after injury. Representation includes case review and dedicated…
