When you sell an investment property for cash, you've got to pay capital gains taxes on your profits. Hardly seems fair, but that's how it is.
A handy little tool, known as a "1031 exchange" can help you avoid paying those pesky taxes and keep a ton of money in your pocket instead of handing it over to the IRS. Using a 1031 calculator can help you work through the numbers quickly and easily when it comes time to file your taxes.
If you follow the rules of a 1031 exchange, you can make it a part of your investment strategy and build wealth even faster. Below is your comprehensive guide to a 1031 exchange. If you find it useful, tell your friends about us!