Using a 1031 Exchange on a Primary Residence, Simplified

Using a 1031 exchange on a primary residence is illustrated by a couple shaking hands with a real estate agent while closing the sale of their house.

Anyone who has managed or sold real estate properties is keenly aware of at least one of life’s few guarantees: taxes. Whether you make a record-breaking return or a modest profit, the Internal Revenue Service inevitably appears to collect the government’s cut. Some savvy property owners, however, have discovered the benefits of using a 1031 […]