Signet Financial Management

Are you considering selling an investment property? Before you do, make sure you understand how a 1031 exchange works.

This provision in the tax code allows you to sell a qualifying property and reinvest the proceeds into a new one while deferring the capital gains taxes. We're sharing a helpful article from Forbes that explains the rules, the timelines, and exactly what counts as "like-kind" property.

Read more in this article to see if a fits your goals: https://advisorstream.com/read/forbes/money/what-is-a-1031-exchange-and-how-it-helps-you-reinvest-without-a-big-tax-hit/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjo2MDA3NSwicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjE0NTYyODI5LCJkZXN0X2lkIjoyMzcxOTkzNiwicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.6VwSknP-sljakVfzeWfL3Vjdm4LSl_S5h8N1PJd24DQ

Contact Signet Financial Management to review your portfolio's tax efficiency.

What Is a 1031 Exchange and How It Helps You Reinvest Without a Big Tax Hit Discover how a 1031 exchange works to defer capital gains taxes on real estate. Learn the rules, timelines, and strategies to grow your investment portfolio.