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    Dausmart's Avatar
    Dausmart Posts: 1, Reputation: 1
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    #1

    Nov 18, 2013, 01:57 PM
    What is asset exchange
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    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Nov 18, 2013, 02:58 PM
    A properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC Section 1031 (a)(1) states:

    "No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment."
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