What is 1031 Exchange? | REAL-ESTATE-SALESPERSON Exam Prep

A 1031 exchange is a tax-deferred transaction under IRC Section 1031 that allows real estate investors to sell an investment property and reinvest the proceeds in a "like-kind" property while deferring capital gains taxes, provided strict IRS deadlines are met. 📚 Learn more about 1031 Exchange and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 1031 Exchange definition: https://www.open-exam-prep.com/glossary/1031-exchange 💡 Exam Tip: 1031 = tax DEFERRED, not eliminated. 45 days to identify, 180 days to close. Must use Qualified Intermediary. Like-kind = real estate for real estate. Same taxpayer rule. --- #real-estate #examprep #financeexam #real-estate-salesperson