Jose is an investor who found and closed on an investment property, then decided to sell a property other than the one originally marked for the exchange. what is this an example of?

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18-08-2022
Social Studies

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Jose is an investor who found and closed on an investment property, then decided to sell a property other than the one originally marked for the exchange. what is this an example of?

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Tutorconsortium363 Tutorconsortium363 · Answer 1 · 2022-08-25T18:19:19+02:00

Jose is an investor who found and closed on investment property, then decided to sell property other than the one originally marked for the exchange. This example is A reverse tax-deferred exchange.

What Is a Reverse 1031 Exchange?

A reverse 1031 exchange is a way for real estate investors to trade one investment property for another without incurring capital gains taxes. In a 1031 exchange, a taxpayer sells an investment property and purchases a new property with the proceeds from their property sale.

An investor finds and closes on an investment property and then decides to immediately sell another investment property.

To learn more about tax-deferred exchange visit the link

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