Vancouver Vacation Home 1031 Alert

The 1031 Exchange, from the Internal Revenue Code Section 1.1031 is a code that can end up saving individuals money on certain business and investment property transactions.  In the real estate business world it is well know that when you sell real estate or personal property you must pay taxes on the profit as capital gains. This means that if you sell real estate property for more than you paid for it, you will have to pay taxes on the profit. There is an exception, however, that many people are unaware of,  the 1031 exchange.  Check out our Vancouver Vacation Home 1031 Alert for all the details..

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